Hillman Solutions Corp (NASDAQ:HLMN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Hillman Solutions Corp (NASDAQ:HLMNGet Free Report) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.63.

Several equities analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 price target (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. Canaccord Genuity Group raised their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Barclays boosted their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th.

Read Our Latest Stock Analysis on HLMN

Hillman Solutions Stock Up 2.0 %

Shares of NASDAQ:HLMN opened at $9.88 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. The company has a market capitalization of $1.93 billion, a PE ratio of -197.56 and a beta of 1.73. Hillman Solutions has a 52 week low of $6.02 and a 52 week high of $10.85. The company’s fifty day moving average is $9.89 and its 200-day moving average is $8.76.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The firm had revenue of $347.81 million for the quarter, compared to analyst estimates of $344.98 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’s revenue was down .8% on a year-over-year basis. Equities research analysts predict that Hillman Solutions will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hillman Solutions news, insider Randall J. Fagundo sold 250,546 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the sale, the insider now owns 45,440 shares of the company’s stock, valued at $437,587.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hillman Solutions news, COO Jon Michael Adinolfi sold 110,000 shares of Hillman Solutions stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $9.81, for a total transaction of $1,079,100.00. Following the transaction, the chief operating officer now directly owns 659,889 shares in the company, valued at $6,473,511.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Randall J. Fagundo sold 250,546 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the transaction, the insider now directly owns 45,440 shares of the company’s stock, valued at $437,587.20. The disclosure for this sale can be found here. Insiders have sold 618,658 shares of company stock valued at $5,958,077 in the last 90 days. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Hillman Solutions

Institutional investors have recently modified their holdings of the business. Capstone Investment Advisors LLC increased its stake in Hillman Solutions by 23.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company’s stock worth $228,000 after purchasing an additional 4,004 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Hillman Solutions by 29.4% in the first quarter. Janney Montgomery Scott LLC now owns 44,170 shares of the company’s stock valued at $470,000 after buying an additional 10,036 shares during the period. Principal Financial Group Inc. increased its position in shares of Hillman Solutions by 307.9% during the first quarter. Principal Financial Group Inc. now owns 100,544 shares of the company’s stock worth $1,070,000 after acquiring an additional 75,892 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Hillman Solutions during the first quarter worth $46,000. Finally, Conestoga Capital Advisors LLC lifted its position in Hillman Solutions by 1.2% in the 1st quarter. Conestoga Capital Advisors LLC now owns 9,289,913 shares of the company’s stock valued at $98,845,000 after acquiring an additional 109,120 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

About Hillman Solutions

(Get Free Report

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.

Further Reading

Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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