Barclays Issues Positive Forecast for Hillman Solutions (NASDAQ:HLMN) Stock Price

Hillman Solutions (NASDAQ:HLMN) had its price objective increased by investment analysts at Barclays from $10.00 to $12.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 7.91% from the company’s previous close.

Several other research firms have also recently weighed in on HLMN. Robert W. Baird increased their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity Group upped their target price on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.92.

Hillman Solutions Stock Down 0.2 %

HLMN stock opened at $11.12 on Wednesday. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $12.08. The business’s 50 day simple moving average is $10.36 and its 200 day simple moving average is $9.68. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.18 billion, a PE ratio of 278.00 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, research analysts anticipate that Hillman Solutions will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC increased its position in shares of Hillman Solutions by 3.5% in the second 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. grew its stake in Hillman Solutions by 2.7% during 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 in the last quarter. Reinhart Partners LLC. grew its stake in Hillman Solutions by 7.2% during the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after buying an additional 503,809 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 buying an additional 93,759 shares during the period. Finally, Clearbridge Investments LLC raised its position in shares of Hillman Solutions by 4.8% in the 1st quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock valued at $51,155,000 after buying an additional 218,982 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

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.