Hillman Solutions Corp (NASDAQ:HLMN) Receives $13.60 Consensus PT from Analysts

Hillman Solutions Corp (NASDAQ:HLMN) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $13.60.

HLMN has been the subject of a number of research reports. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Barclays reduced their target price on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Benchmark reaffirmed a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, Robert W. Baird reduced 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.

Hillman Solutions Stock Down 3.3 %

Shares of Hillman Solutions stock opened at $9.44 on Thursday. The stock’s 50-day moving average is $9.96 and its 200 day moving average is $10.29. Hillman Solutions has a one year low of $8.43 and a one year high of $12.08. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 118.01 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter in the previous year, the company posted $0.10 earnings per share. Equities research analysts anticipate that Hillman Solutions will post 0.58 EPS for the current year.

Insider Transactions at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Several large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at about $17,290,000. Raymond James Financial Inc. bought a new stake in Hillman Solutions in the 4th quarter worth about $11,318,000. Harbor Capital Advisors Inc. increased its stake in Hillman Solutions by 131.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after buying an additional 914,151 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hillman Solutions by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock worth $62,521,000 after buying an additional 605,049 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock worth $89,199,000 after buying an additional 509,016 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

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.