Robert W. Baird Forecasts Strong Price Appreciation for Hillman Solutions (NASDAQ:HLMN) Stock

Hillman Solutions (NASDAQ:HLMN) had its target price lifted by Robert W. Baird from $12.00 to $14.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on HLMN. Canaccord Genuity Group upped their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. Finally, Barclays upped their price objective on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Stock Performance

Shares of HLMN opened at $11.17 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average price is $10.38 and its 200-day moving average price is $9.69. Hillman Solutions has a 52 week low of $6.62 and a 52 week high of $12.08. The stock has a market cap of $2.19 billion, a P/E ratio of 279.19 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Equities research analysts anticipate that Hillman Solutions will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC bought a new position in shares of Hillman Solutions in the 3rd quarter valued at about $334,000. First Horizon Advisors Inc. lifted its holdings in shares of Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after acquiring an additional 2,317 shares during the last quarter. Quest Partners LLC bought a new position in shares of Hillman Solutions in the 3rd quarter valued at about $381,000. Natixis Advisors LLC lifted its holdings in shares of Hillman Solutions by 0.5% in the 3rd quarter. Natixis Advisors LLC now owns 2,512,226 shares of the company’s stock valued at $26,529,000 after acquiring an additional 13,439 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Hillman Solutions by 44.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 75,331 shares of the company’s stock valued at $795,000 after acquiring an additional 23,185 shares during the last quarter. 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.