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

Hillman Solutions (NASDAQ:HLMN - Get Free Report) had its target price reduced by Barclays from $12.00 to $11.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target suggests a potential upside of 10.00% from the company's previous close.

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

Hillman Solutions Trading Down 0.3 %

Shares of NASDAQ:HLMN traded down $0.03 on Thursday, hitting $10.00. The company had a trading volume of 594,409 shares, compared to its average volume of 877,974. The firm's 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $10.12. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 250.06 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions has a 1 year low of $8.43 and a 1 year high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share 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 business had revenue of $393.30 million for the quarter, compared to analysts' expectations of $389.50 million. During the same period in the previous year, the firm posted $0.11 EPS. The business's revenue was down 1.4% on a year-over-year basis. Equities analysts anticipate that Hillman Solutions will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In related news, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction dated Monday, November 18th. The stock was 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 in the company, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip Woodlief sold 19,779 shares of the company'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 transaction, the director now owns 55,811 shares in the company, valued at $623,966.98. This represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% of the company's stock.

Institutional Investors Weigh In On Hillman Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its position in Hillman Solutions by 131.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company's stock valued at $17,013,000 after acquiring an additional 914,151 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hillman Solutions by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company's stock valued at $42,134,000 after purchasing an additional 578,042 shares during the last quarter. Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company's stock worth $79,012,000 after purchasing an additional 503,809 shares during the period. Nordea Investment Management AB purchased a new position in shares of Hillman Solutions in the fourth quarter worth approximately $4,631,000. Finally, Renaissance Technologies LLC grew its position in Hillman Solutions by 460.9% during the second quarter. Renaissance Technologies LLC now owns 326,029 shares of the company's stock valued at $2,885,000 after buying an additional 267,900 shares during the period. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Company Profile

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.