Hillman Solutions Corp (NASDAQ:HLMN) Given Average Rating of “Moderate Buy” by Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.20.

A number of equities research analysts have recently issued reports on HLMN shares. Canaccord Genuity Group boosted 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. Barclays boosted 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. Benchmark raised their price objective on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Robert W. Baird lifted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th.

Hillman Solutions Trading Down 5.4 %

Shares of HLMN stock opened at $10.09 on Friday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 252.31 and a beta of 1.65. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $10.92 and its 200 day moving average is $9.99. Hillman Solutions has a 12-month low of $8.43 and a 12-month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results 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 return on equity of 8.81% and a net margin of 0.57%. The business had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts expect that Hillman Solutions will post 0.53 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its position in Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after buying an additional 2,317 shares during the last quarter. Quarry LP bought a new stake in shares of Hillman Solutions in the 3rd quarter worth about $43,000. Canada Pension Plan Investment Board purchased a new position in shares of Hillman Solutions during the 2nd quarter worth about $57,000. Benjamin F. Edwards & Company Inc. grew its holdings in Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after purchasing an additional 4,473 shares during the last quarter. Finally, Institute for Wealth Management LLC. purchased a new stake in Hillman Solutions in the 2nd quarter worth about $101,000. Hedge funds and other institutional investors 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.