Hillman Solutions Corp (NASDAQ:HLMN) Receives $14.20 Consensus Target Price from Brokerages

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $14.20.

Several equities research analysts have recently weighed in on HLMN shares. Barclays increased their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group boosted 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. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Robert W. Baird lifted their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Benchmark increased their price target on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $9.29 on Wednesday. The company has a market capitalization of $1.83 billion, a PE ratio of 232.31 and a beta of 1.68. 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 price of $10.61 and a two-hundred day moving average price of $10.09. Hillman Solutions has a 12 month low of $8.43 and a 12 month high of $12.08.

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

Insider Activity

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the company’s 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 transaction, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions 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 transaction, the insider now owns 70,369 shares of the company’s stock, valued at $750,133.54. This represents a 50.75 % 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. WCM Investment Management LLC lifted its position in shares of Hillman Solutions by 1.5% during the 3rd quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after buying an additional 49,306 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Hillman Solutions by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock worth $7,137,000 after acquiring an additional 70,861 shares during the period. Harbor Capital Advisors Inc. boosted its position in Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after purchasing an additional 914,151 shares during the last quarter. Atria Investments Inc grew its stake in Hillman Solutions by 24.5% in the 3rd quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock valued at $799,000 after purchasing an additional 14,904 shares during the period. Finally, Sanctuary Advisors LLC increased its position in shares of Hillman Solutions by 20.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock valued at $357,000 after purchasing an additional 5,273 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.