Hillman Solutions Corp (NASDAQ:HLMN) Receives $14.20 Consensus PT from Analysts

Shares of Hillman Solutions Corp (NASDAQ:HLMNGet Free Report) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com 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 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.20.

Several equities analysts have commented on HLMN shares. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Barclays upped their target price on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group raised their target price 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 boosted their price target on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.

Check Out Our Latest Stock Report on Hillman Solutions

Insiders Place Their Bets

In other news, insider Scott Ride sold 72,523 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the sale, the insider now owns 70,369 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction on 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 $623,966.98. This represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Hillman Solutions

A number of hedge funds have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. increased its stake in Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after buying an additional 225,480 shares during the period. Reinhart Partners LLC. increased its stake in shares of Hillman Solutions by 7.2% in the third 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 raised its holdings in shares of Hillman Solutions by 1.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock worth $75,588,000 after acquiring an additional 93,759 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hillman Solutions by 13.8% in 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 in the last quarter. Finally, Geode Capital Management LLC increased its position in Hillman Solutions by 2.5% in 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 last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

HLMN opened at $9.29 on Wednesday. Hillman Solutions has a twelve month low of $8.43 and a twelve month high of $12.08. The stock has a market cap of $1.83 billion, a PE ratio of 232.31 and a beta of 1.68. The business’s 50 day moving average is $10.61 and its 200-day moving average is $10.11. 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 (NASDAQ:HLMNGet Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, analysts predict that Hillman Solutions will post 0.53 earnings per share for the current year.

Hillman Solutions Company Profile

(Get Free Report

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.

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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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