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

Hillman Solutions Corp (NASDAQ:HLMN) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.60.

A number of equities research analysts recently weighed in on the company. Robert W. Baird lowered their price target on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Barclays decreased their price objective on shares of 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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Hillman Solutions by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock worth $89,199,000 after buying an additional 509,016 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in Hillman Solutions by 1.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock worth $86,452,000 after acquiring an additional 160,505 shares during the last quarter. Reinhart Partners LLC. grew its stake in Hillman Solutions by 1.7% in the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after acquiring an additional 130,273 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock valued at $62,521,000 after acquiring an additional 605,049 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Hillman Solutions by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock worth $50,203,000 after purchasing an additional 113,692 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $8.69 on Monday. The company’s fifty day moving average is $9.76 and its two-hundred day moving average is $10.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The firm has a market capitalization of $1.71 billion, a P/E ratio of 108.64 and a beta of 1.68. Hillman Solutions has a one year low of $8.43 and a one year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The company had revenue of $349.56 million for the quarter, compared to analysts’ expectations of $350.45 million. During the same period in the prior year, the firm posted $0.10 EPS. Analysts forecast that Hillman Solutions will post 0.58 EPS for the current fiscal year.

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.