Hillman Solutions (NASDAQ:HLMN) Given New $16.00 Price Target at Benchmark

Hillman Solutions (NASDAQ:HLMN) had its price objective upped by Benchmark from $13.00 to $16.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

HLMN has been the subject of a number of other research reports. Canaccord Genuity Group upped their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays boosted their price objective 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 raised their target price 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.20.

Hillman Solutions Stock Performance

HLMN opened at $10.79 on Friday. The company’s 50 day moving average is $10.88 and its 200 day moving average is $9.97. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 269.75 and a beta of 1.65. Hillman Solutions has a 12-month low of $8.32 and a 12-month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. On average, equities research analysts predict that Hillman Solutions will post 0.53 EPS for the current year.

Insider Activity at Hillman Solutions

In other Hillman Solutions 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 value of $773,095.18. Following the sale, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The sale 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 stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the transaction, the director now directly owns 55,811 shares of the company’s stock, valued at $623,966.98. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Conestoga Capital Advisors LLC raised its position in Hillman Solutions by 3.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock worth $85,125,000 after purchasing an additional 328,740 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Hillman Solutions by 2.7% in the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock worth $75,363,000 after buying an additional 225,480 shares during the period. Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 7.2% during 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. Allspring Global Investments Holdings LLC grew its position in Hillman Solutions by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock valued at $75,588,000 after acquiring an additional 93,759 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 worth $42,134,000 after purchasing an additional 578,042 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

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.