Hillman Solutions (NASDAQ:HLMN) Given New $11.00 Price Target at Barclays

Hillman Solutions (NASDAQ:HLMN) had its target price cut by Barclays from $12.00 to $11.00 in a research note released on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

HLMN has been the subject of several other reports. Benchmark upped their target price on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, December 13th. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Robert W. Baird lifted their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hillman Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Hillman Solutions Stock Performance

Shares of HLMN opened at $10.03 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The firm’s 50 day moving average is $10.54 and its 200-day moving average is $10.12. Hillman Solutions has a 12-month low of $8.43 and a 12-month high of $12.08. The stock has a market capitalization of $1.97 billion, a P/E ratio of 250.81 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The firm had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Hillman Solutions will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares of the company’s stock, valued at $623,966.98. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Ride sold 72,523 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were 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 directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Hillman Solutions

Institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its stake in shares of Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after purchasing an additional 2,317 shares during the last quarter. Quarry LP acquired a new position in Hillman Solutions during the third quarter worth $43,000. Canada Pension Plan Investment Board bought a new position in Hillman Solutions during the second quarter valued at about $57,000. Benjamin F. Edwards & Company Inc. raised its holdings in Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after buying an additional 4,473 shares in the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new stake in shares of Hillman Solutions in the third quarter worth about $132,000. 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.