Brokerages Set Hillman Solutions Corp (NASDAQ:HLMN) PT at $14.00

Hillman Solutions Corp (NASDAQ:HLMN) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.00.

Several equities research analysts have issued reports on HLMN shares. Robert W. Baird lifted their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Barclays cut their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group boosted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark raised their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

Insider Buying and Selling

In other news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the transaction, the director now owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction that occurred on Monday, November 18th. The shares were 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 $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Hillman Solutions in the 4th quarter valued at $32,000. First Horizon Advisors Inc. boosted its holdings in Hillman Solutions by 231.7% in the third 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. Quarry LP acquired a new position in Hillman Solutions in the third quarter valued at $43,000. Venturi Wealth Management LLC boosted its holdings in shares of Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock worth $68,000 after buying an additional 6,500 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Hillman Solutions in the fourth quarter worth $106,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Shares of HLMN opened at $9.91 on Friday. The firm has a market cap of $1.95 billion, a P/E ratio of 247.81 and a beta of 1.68. Hillman Solutions has a twelve month low of $8.43 and a twelve month high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The firm’s 50 day moving average price is $10.27 and its two-hundred day moving average price is $10.23.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. Hillman Solutions’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. On average, analysts forecast that Hillman Solutions will post 0.53 EPS for the current fiscal 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.