Analysts Set Hillman Solutions Corp (NASDAQ:HLMN) Price Target at $14.00

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $14.00.

Several research firms have recently weighed in on HLMN. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Robert W. Baird boosted their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Barclays dropped their target price on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Benchmark increased their price objective on 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, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction 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 completion of the sale, the insider now directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now owns 55,811 shares of the company’s stock, valued at $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 currently owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Hillman Solutions by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock valued at $892,000 after buying an additional 4,581 shares in the last quarter. Algert Global LLC bought a new position in Hillman Solutions during the second quarter valued at approximately $334,000. Sanctuary Advisors LLC purchased a new position in shares of Hillman Solutions during the second quarter worth approximately $257,000. Handelsbanken Fonder AB lifted its holdings in shares of Hillman Solutions by 22.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 56,200 shares of the company’s stock worth $593,000 after acquiring an additional 10,300 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in shares of Hillman Solutions by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after acquiring an additional 503,809 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $10.11 on Friday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 252.81 and a beta of 1.68. The stock has a fifty day simple moving average of $10.22 and a two-hundred day simple moving average of $10.23. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08.

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, hitting the consensus estimate 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 return on equity of 8.81% and a net margin of 0.57%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. Analysts anticipate 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.