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

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.20.

HLMN has been the subject of several research analyst reports. Benchmark lifted their price objective on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays lifted their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group raised their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird boosted their price target 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, William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd.

Insider Transactions at Hillman Solutions

In other news, insider Scott Ride sold 72,523 shares of the 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 completion of the sale, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The transaction 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 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 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 position. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position 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 acquiring an additional 70,861 shares in the last quarter. Rhumbline Advisers lifted its position in Hillman Solutions by 1.0% during the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after buying an additional 3,129 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Hillman Solutions by 50.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 52,146 shares of the company’s stock worth $461,000 after acquiring an additional 17,456 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Hillman Solutions by 15.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,436,468 shares of the company’s stock valued at $12,713,000 after purchasing an additional 188,722 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after purchasing an additional 578,042 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Down 2.0 %

HLMN stock opened at $9.29 on Wednesday. The stock has a fifty day moving average of $10.61 and a 200-day moving average of $10.09. Hillman Solutions has a fifty-two week low of $8.43 and a fifty-two week high of $12.08. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 232.31 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last issued 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. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The business had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research 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.