Hillman Solutions Corp (NASDAQ:HLMN) Receives $14.20 Average Target Price from Analysts

Hillman Solutions Corp (NASDAQ:HLMN) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.20.

Several analysts recently issued reports on HLMN shares. Barclays increased their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird increased their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Benchmark boosted their price target on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Canaccord Genuity Group increased their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd.

Hillman Solutions Stock Down 2.0 %

Shares of NASDAQ:HLMN opened at $9.29 on Wednesday. The stock has a 50-day simple moving average of $10.61 and a 200-day simple moving average of $10.11. The stock has a market capitalization of $1.83 billion, a P/E ratio of 232.31 and a beta of 1.68. Hillman Solutions has a 1 year low of $8.43 and a 1 year high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same period in the previous year, the firm earned $0.11 earnings per share. Hillman Solutions’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts forecast that Hillman Solutions will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Hillman Solutions

In other news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares of the company’s stock, valued at $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently made changes to their positions in HLMN. Burgundy Asset Management Ltd. raised its stake in Hillman Solutions by 2.7% during the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock worth $75,363,000 after acquiring an additional 225,480 shares during the period. Reinhart Partners LLC. raised its position in shares of Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after purchasing an additional 503,809 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Hillman Solutions by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock worth $75,588,000 after purchasing an additional 93,759 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hillman Solutions by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after purchasing an additional 578,042 shares during the period. Finally, Geode Capital Management LLC grew its stake in Hillman Solutions by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock worth $50,203,000 after buying an additional 113,692 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

About Hillman Solutions

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.