Hillman Solutions Corp (NASDAQ:HLMN) Given Average Rating of “Moderate Buy” by Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, 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 price objective among brokerages that have updated their coverage on the stock in the last year is $11.92.

A number of equities analysts have recently issued reports on the stock. Barclays raised their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $10.60 on Monday. The company has a fifty day moving average of $9.78 and a two-hundred day moving average of $9.58. The company has a market capitalization of $2.08 billion, a PE ratio of -1,060.00 and a beta of 1.66. Hillman Solutions has a 1 year low of $6.02 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $379.43 million during the quarter, compared to analysts’ expectations of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same period in the prior year, the firm earned $0.13 EPS. As a group, analysts expect that Hillman Solutions will post 0.53 earnings per share for the current year.

Institutional Trading of Hillman Solutions

Several hedge funds have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new position in Hillman Solutions during the first quarter worth about $46,000. Canada Pension Plan Investment Board purchased a new stake in shares of Hillman Solutions in the second quarter valued at approximately $57,000. Institute for Wealth Management LLC. acquired a new position in Hillman Solutions during the second quarter worth $101,000. MBB Public Markets I LLC acquired a new position in Hillman Solutions during the second quarter worth $133,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Hillman Solutions in the first quarter valued at $140,000. Institutional investors and hedge funds 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.