Hillman Solutions Corp (NASDAQ:HLMN) Receives $13.60 Consensus Target Price from Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.60.

A number of analysts have recently commented on HLMN shares. Robert W. Baird dropped their price objective on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Barclays dropped their price target 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 issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd.

Hillman Solutions Trading Down 3.7 %

NASDAQ HLMN opened at $8.69 on Monday. The company has a 50-day moving average of $9.76 and a 200-day moving average of $10.23. 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 12 month low of $8.43 and a 12 month high of $12.08. The company has a market cap of $1.71 billion, a P/E ratio of 108.64 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $349.56 million for the quarter, compared to analyst estimates 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 posted $0.10 EPS. As a group, equities analysts predict that Hillman Solutions will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions in the fourth quarter worth about $17,290,000. Raymond James Financial Inc. acquired a new position in Hillman Solutions during the 4th quarter worth approximately $11,318,000. Dimensional Fund Advisors LP boosted its holdings in Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock worth $62,521,000 after acquiring an additional 605,049 shares during the period. JPMorgan Chase & Co. grew its position in Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after acquiring an additional 509,016 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of Hillman Solutions during the fourth quarter valued at approximately $4,631,000. 98.11% of the stock is 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.