Hillman Solutions Corp (NASDAQ:HLMN) Receives $11.75 Consensus PT from Analysts

Hillman Solutions Corp (NASDAQ:HLMN) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $11.92.

A number of equities research analysts recently issued reports on HLMN shares. Robert W. Baird upped their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Barclays increased their price objective on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th.

Hillman Solutions Stock Up 2.0 %

Shares of Hillman Solutions stock opened at $9.41 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -941.00 and a beta of 1.66. The stock has a 50-day simple moving average of $9.18 and a 200-day simple moving average of $9.44. Hillman Solutions has a 52-week low of $6.02 and a 52-week high of $10.85. 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 posted its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $379.43 million during the quarter, compared to analysts’ expectations of $383.53 million. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. During the same period in the previous year, the company earned $0.13 earnings per share. On average, equities research analysts expect that Hillman Solutions will post 0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hillman Solutions news, Director Aaron Jagdfeld sold 49,447 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 197,031 shares of the company’s stock, valued at approximately $1,781,160.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is owned by insiders.

Institutional Trading of Hillman Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of HLMN. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Hillman Solutions in the first quarter valued at about $46,000. Canada Pension Plan Investment Board bought a new stake in shares of Hillman Solutions in the 2nd quarter worth approximately $57,000. Institute for Wealth Management LLC. bought a new stake in shares of Hillman Solutions in the 2nd quarter worth approximately $101,000. MBB Public Markets I LLC bought a new stake in shares of Hillman Solutions during the second quarter valued at approximately $133,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Hillman Solutions in the first quarter valued at $140,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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.