Hillman Solutions Corp (NASDAQ:HLMN) Receives $11.58 Consensus Target Price from Analysts

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $11.58.

A number of brokerages recently issued reports on HLMN. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. Robert W. Baird raised their price target on Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, Barclays decreased their price target on Hillman Solutions from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th.

Hillman Solutions Price Performance

NASDAQ:HLMN opened at $9.55 on Wednesday. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -955.00 and a beta of 1.66. Hillman Solutions has a 1 year low of $6.02 and a 1 year high of $10.85. The business has a 50 day simple moving average of $9.06 and a 200-day simple moving average of $9.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 0.78.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 7.50% and a negative net margin of 0.13%. The firm had revenue of $350.31 million during the quarter, compared to analyst estimates of $354.47 million. During the same period last year, the company earned $0.06 EPS. Hillman Solutions’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Hillman Solutions will post 0.45 EPS for the current year.

Insider Activity

In other news, Director Aaron Jagdfeld sold 49,447 shares of Hillman Solutions stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total value of $447,000.88. Following the transaction, the director now directly owns 197,031 shares in the company, valued at approximately $1,781,160.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HLMN. Wellington Management Group LLP increased its holdings in shares of Hillman Solutions by 7.3% in the 3rd quarter. Wellington Management Group LLP now owns 4,717,999 shares of the company’s stock valued at $38,923,000 after acquiring an additional 320,371 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Hillman Solutions by 21.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 185,607 shares of the company’s stock worth $1,531,000 after purchasing an additional 32,765 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hillman Solutions by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,156,902 shares of the company’s stock worth $158,044,000 after purchasing an additional 1,613,190 shares in the last quarter. Reinhart Partners LLC. boosted its position in shares of Hillman Solutions by 11.0% in the 4th quarter. Reinhart Partners LLC. now owns 6,717,618 shares of the company’s stock worth $61,869,000 after purchasing an additional 663,417 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Hillman Solutions by 12.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,900 shares of the company’s stock worth $810,000 after purchasing an additional 9,587 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

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.