Brokerages Set Hillman Solutions Corp (NASDAQ:HLMN) Price Target at $14.20

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.20.

HLMN has been the subject of a number of recent research reports. Robert W. Baird raised their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays raised their price target on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. 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 report on Wednesday, October 16th. Finally, Benchmark raised their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction on Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. The trade was a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction on Monday, November 18th. The stock was 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 trade represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its stake in Hillman Solutions by 20.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock worth $357,000 after purchasing an additional 5,273 shares during the last quarter. Geode Capital Management LLC boosted its stake in Hillman Solutions by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock worth $50,203,000 after purchasing an additional 113,692 shares during the last quarter. Barclays PLC boosted its stake in Hillman Solutions by 326.8% during the 3rd quarter. Barclays PLC now owns 305,468 shares of the company’s stock worth $3,226,000 after purchasing an additional 233,894 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Hillman Solutions during the 3rd quarter worth $275,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Hillman Solutions during the 3rd quarter worth $210,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $10.86 on Friday. The firm has a market capitalization of $2.13 billion, a P/E ratio of 271.50 and a beta of 1.65. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $10.90 and a 200 day moving average price of $9.98. Hillman Solutions has a 52 week low of $8.43 and a 52 week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) 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 company had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. During the same period last year, the firm posted $0.11 EPS. Hillman Solutions’s revenue for the quarter was down 1.4% compared to the same quarter last year. Sell-side analysts expect that Hillman Solutions will post 0.53 EPS for the current year.

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.