Brokerages Set Hillman Solutions Corp (NASDAQ:HLMN) Target Price at $11.75

Hillman Solutions Corp (NASDAQ:HLMN) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.75.

A number of research firms have recently issued reports on HLMN. Barclays raised their price target on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Robert W. Baird increased their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st.

Insider Activity at Hillman Solutions

In related news, Director Aaron Jagdfeld sold 49,447 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total transaction of $447,000.88. Following the completion of the transaction, the director now directly owns 197,031 shares in the company, valued at approximately $1,781,160.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its stake in shares of Hillman Solutions by 35.1% in the third quarter. Janney Montgomery Scott LLC now owns 29,198 shares of the company’s stock worth $241,000 after acquiring an additional 7,588 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Hillman Solutions by 24.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,912,749 shares of the company’s stock valued at $15,780,000 after buying an additional 371,929 shares in the last quarter. Deutsche Bank AG grew its holdings in Hillman Solutions by 26.9% during the 3rd quarter. Deutsche Bank AG now owns 90,519 shares of the company’s stock valued at $747,000 after buying an additional 19,183 shares in the last quarter. Rhumbline Advisers raised its position in shares of Hillman Solutions by 14.5% during the third quarter. Rhumbline Advisers now owns 296,829 shares of the company’s stock valued at $2,449,000 after buying an additional 37,609 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Hillman Solutions in the third quarter worth $108,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Down 0.3 %

HLMN stock opened at $8.62 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 0.78. The stock has a market capitalization of $1.69 billion, a P/E ratio of -862.00 and a beta of 1.68. The business has a fifty day moving average price of $9.30 and a 200-day moving average price of $9.33. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The firm had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. During the same period in the previous year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts forecast that Hillman Solutions will post 0.46 earnings per share for the current fiscal year.

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.