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

Hillman Solutions Corp (NASDAQ:HLMN) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.60.

Several brokerages have recently issued reports on HLMN. Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Robert W. Baird lowered their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, 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.

Hillman Solutions Trading Down 0.9 %

NASDAQ HLMN opened at $9.76 on Thursday. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08. 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 stock has a 50-day moving average of $9.97 and a 200-day moving average of $10.29. The firm has a market cap of $1.92 billion, a PE ratio of 122.02 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last issued 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 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 prior year, the business posted $0.10 earnings per share. As a group, sell-side analysts forecast that Hillman Solutions will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction, the director now directly owns 55,811 shares of the company’s stock, valued at $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

Several large investors have recently bought and sold shares of the business. Federated Hermes Inc. purchased a new stake in shares of Hillman Solutions during the 4th quarter valued at about $25,000. R Squared Ltd purchased a new stake in Hillman Solutions in the fourth quarter worth approximately $32,000. First Horizon Advisors Inc. grew its position in Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after purchasing an additional 2,317 shares during the period. Quarry LP purchased a new stake in Hillman Solutions during the 3rd quarter valued at $43,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock valued at $50,000 after buying an additional 4,572 shares during the period. 98.11% of the stock is currently owned by 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.