Hillman Solutions (NASDAQ:HLMN) Price Target Raised to $16.00 at Benchmark

Hillman Solutions (NASDAQ:HLMN - Free Report) had its price target raised by Benchmark from $13.00 to $16.00 in a research note published on Friday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a research note 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 research report on Wednesday, November 6th. Finally, Barclays lifted their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Hillman Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.20.

Hillman Solutions Stock Performance

HLMN traded down $0.09 during trading on Friday, hitting $10.79. 1,110,468 shares of the stock were exchanged, compared to its average volume of 879,427. 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 $8.32 and a 1-year high of $12.08. The stock has a fifty day moving average price of $10.88 and a two-hundred day moving average price of $9.96. The firm has a market capitalization of $2.12 billion, a P/E ratio of 269.75 and a beta of 1.65.

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

Insider Transactions at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now directly owns 70,369 shares of the company's stock, valued at approximately $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently made changes to their positions in HLMN. WCM Investment Management LLC lifted its stake in Hillman Solutions by 1.5% in the 3rd quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company's stock valued at $34,724,000 after buying an additional 49,306 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Hillman Solutions by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company's stock valued at $7,137,000 after buying an additional 70,861 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of 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 buying an additional 914,151 shares during the period. Atria Investments Inc boosted its position in Hillman Solutions by 24.5% during the third quarter. Atria Investments Inc now owns 75,656 shares of the company's stock worth $799,000 after acquiring an additional 14,904 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company's stock worth $75,363,000 after acquiring an additional 225,480 shares during the period. 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.