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

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.20.

HLMN has been the subject of a number of research reports. Canaccord Genuity Group boosted their price target on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Benchmark upped their target price on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays raised 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. Finally, Robert W. Baird increased their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th.

Insider Activity at Hillman Solutions

In other news, insider Scott Ride sold 72,523 shares of the 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 completion of the sale, the insider now owns 70,369 shares in the company, valued at approximately $750,133.54. This represents a 50.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the transaction, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLMN. WCM Investment Management LLC increased its holdings in shares of Hillman Solutions by 1.5% during the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock valued at $34,724,000 after acquiring an additional 49,306 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Hillman Solutions by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock valued at $7,137,000 after purchasing an additional 70,861 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of 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 buying an additional 914,151 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Hillman Solutions by 24.5% during the third quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock worth $799,000 after buying an additional 14,904 shares during the period. Finally, Burgundy Asset Management Ltd. grew its holdings in shares of Hillman Solutions by 2.7% during the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after buying an additional 225,480 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

HLMN stock opened at $10.09 on Friday. Hillman Solutions has a twelve month low of $8.43 and a twelve month high of $12.08. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 252.31 and a beta of 1.65. The business’s fifty day simple moving average is $10.92 and its two-hundred day simple moving average is $9.99. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

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