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

Hillman Solutions Corp (NASDAQ:HLMN) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.60.

Several research firms have recently commented on HLMN. Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. Barclays raised their target price on shares of 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 raised their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th.

Hillman Solutions Stock Up 3.1 %

Shares of NASDAQ:HLMN opened at $11.12 on Tuesday. The stock has a market cap of $2.19 billion, a P/E ratio of 277.94 and a beta of 1.65. The firm has a fifty day moving average price of $10.61 and a 200 day moving average price of $9.77. 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 has a 1-year low of $7.06 and a 1-year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The firm had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter in the prior year, the business earned $0.11 EPS. Hillman Solutions’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts predict that Hillman Solutions will post 0.53 EPS for the current year.

Insider Buying and Selling

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares in the company, valued at $750,133.54. The trade was a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Hillman Solutions by 167.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock valued at $2,660,000 after purchasing an additional 156,449 shares during the period. WCM Investment Management LLC raised its holdings in Hillman Solutions by 1.5% in the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock valued at $34,724,000 after acquiring an additional 49,306 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Hillman Solutions by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock valued at $7,137,000 after acquiring an additional 70,861 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Hillman Solutions by 131.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after purchasing an additional 914,151 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in shares of Hillman Solutions by 4.8% during the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock worth $51,155,000 after purchasing an additional 218,982 shares during the period. 98.11% of the stock is currently owned by hedge funds and other 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.