Brokerages Set Hillman Solutions Corp (NASDAQ:HLMN) Target Price at $14.20

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $14.20.

HLMN has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays raised their price objective on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Benchmark boosted their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Robert W. Baird upped their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th.

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 shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now directly owns 70,369 shares in the company, valued at $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its position in shares of Hillman Solutions by 231.7% during the third 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 period. Quarry LP purchased a new position in Hillman Solutions in the 3rd quarter worth about $43,000. Canada Pension Plan Investment Board acquired a new stake in Hillman Solutions during the 2nd quarter worth about $57,000. Benjamin F. Edwards & Company Inc. raised its holdings in Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after buying an additional 4,473 shares during the period. Finally, Stratos Wealth Advisors LLC acquired a new position in shares of Hillman Solutions in the third quarter worth about $132,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Trading Up 4.1 %

NASDAQ:HLMN opened at $9.88 on Wednesday. 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 one year low of $8.43 and a one year high of $12.08. The business’s 50-day simple moving average is $10.56 and its 200 day simple moving average is $10.12. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 247.06 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same period in the prior year, the business posted $0.11 EPS. The business’s revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Hillman Solutions will post 0.53 earnings per share for the current fiscal 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.