Analysts Set Hillman Solutions Corp (NASDAQ:HLMN) Target Price at $13.60

Hillman Solutions Corp (NASDAQ:HLMN) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.60.

Several brokerages recently issued reports on HLMN. Barclays cut their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Robert W. Baird decreased their price objective on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $9.05 on Monday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 113.14 and a beta of 1.68. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions has a twelve month low of $8.43 and a twelve month high of $12.08. The stock has a fifty day simple moving average of $9.80 and a two-hundred day simple moving average of $10.25.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $349.56 million during the quarter, compared to analysts’ expectations of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same period last year, the company earned $0.10 earnings per share. On average, analysts predict that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

A number of institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB acquired a new stake in Hillman Solutions in the fourth quarter worth about $4,631,000. Sanctuary Advisors LLC boosted its stake in Hillman Solutions by 20.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock worth $357,000 after purchasing an additional 5,273 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Hillman Solutions by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company’s stock worth $24,244,000 after purchasing an additional 73,216 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Hillman Solutions by 108.9% in the fourth quarter. Intech Investment Management LLC now owns 66,158 shares of the company’s stock worth $644,000 after buying an additional 34,485 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Hillman Solutions by 338.9% during the third quarter. FMR LLC now owns 22,199 shares of the company’s stock worth $234,000 after buying an additional 17,141 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.