Hillman Solutions (NASDAQ:HLMN) Receives Buy Rating from Benchmark

Hillman Solutions (NASDAQ:HLMN - Get Free Report)'s stock had its "buy" rating restated by analysts at Benchmark in a note issued to investors on Wednesday,Benzinga reports. They presently have a $16.00 price objective on the stock. Benchmark's price objective indicates a potential upside of 59.68% from the company's previous close.

Several other equities analysts have also commented on HLMN. Robert W. Baird decreased their price target on Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays reduced their price target on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Finally, William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Two equities 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 has an average rating of "Moderate Buy" and an average target price of $13.60.

Hillman Solutions Stock Performance

NASDAQ:HLMN traded down $0.10 during trading hours on Wednesday, reaching $10.02. The company had a trading volume of 1,392,842 shares, compared to its average volume of 771,659. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08. The firm has a market cap of $1.97 billion, a PE ratio of 125.27 and a beta of 1.68. The business's 50 day moving average price is $10.00 and its 200-day moving average price is $10.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $349.56 million for the quarter, compared to analysts' expectations of $350.45 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Research analysts forecast that Hillman Solutions will post 0.58 EPS for the current year.

Insider Activity

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the business'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 transaction, the director now owns 55,811 shares in the company, valued at $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp lifted its stake in shares of Hillman Solutions by 62.6% in the fourth quarter. Mackenzie Financial Corp now owns 20,485 shares of the company's stock worth $200,000 after acquiring an additional 7,890 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Hillman Solutions in the fourth quarter worth about $674,000. Burgundy Asset Management Ltd. raised its stake in Hillman Solutions by 1.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company's stock valued at $86,452,000 after buying an additional 160,505 shares in the last quarter. PharVision Advisers LLC acquired a new stake in Hillman Solutions during the fourth quarter valued at approximately $345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hillman Solutions by 25.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 372,328 shares of the company's stock valued at $3,626,000 after buying an additional 74,506 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

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.