Hillman Solutions Corp (NASDAQ:HLMN) Given Average Rating of “Moderate Buy” by Analysts

Hillman Solutions Corp (NASDAQ:HLMN) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.60.

Several equities analysts recently issued reports on HLMN shares. Barclays dropped their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Robert W. Baird lowered their target price on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th.

Insider Activity

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was 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 approximately $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

Institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. acquired a new stake in Hillman Solutions in the 4th quarter valued at $17,290,000. Raymond James Financial Inc. acquired a new position in shares of Hillman Solutions during the fourth quarter valued at about $11,318,000. Harbor Capital Advisors Inc. increased its position in shares of Hillman Solutions by 131.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after acquiring an additional 914,151 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock worth $62,521,000 after acquiring an additional 605,049 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock worth $89,199,000 after acquiring an additional 509,016 shares during the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Trading Down 2.6 %

Shares of NASDAQ HLMN opened at $10.04 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions has a 52-week low of $8.43 and a 52-week high of $12.08. The stock has a market cap of $1.97 billion, a P/E ratio of 125.52 and a beta of 1.68. The firm has a 50 day moving average price of $9.97 and a two-hundred day moving average price of $10.28.

Hillman Solutions (NASDAQ:HLMN) last posted 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). The company had revenue of $349.56 million during the quarter, compared to analyst estimates of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, equities analysts forecast that Hillman Solutions will post 0.58 EPS 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.