Hillman Solutions Corp (NASDAQ:HLMN) Receives Consensus Rating of "Moderate Buy" from Analysts

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.60.

A number of analysts recently issued reports on HLMN shares. William Blair cut Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Robert W. Baird decreased their target price on Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Benchmark reissued a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, Barclays decreased their price objective on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th.

Hillman Solutions Stock Down 0.9 %

Shares of HLMN traded down $0.09 during mid-day trading on Thursday, reaching $9.76. The company's stock had a trading volume of 1,448,372 shares, compared to its average volume of 917,853. Hillman Solutions has a 12-month low of $8.43 and a 12-month high of $12.08. The stock has a market cap of $1.93 billion, a PE ratio of 122.02 and a beta of 1.68. 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 company's 50 day moving average is $9.97 and its 200 day moving average is $10.29.

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

Insider Activity

In related news, Director Philip Woodlief sold 19,779 shares of the firm'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 completion of the transaction, 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 SEC, which is available at this hyperlink. Insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after purchasing an additional 509,016 shares in the last quarter. Burgundy Asset Management Ltd. increased its position 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 worth $86,452,000 after buying an additional 160,505 shares in the last quarter. Reinhart Partners LLC. increased its position in Hillman Solutions by 1.7% during the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock worth $74,145,000 after buying an additional 130,273 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Hillman Solutions by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock worth $62,521,000 after buying an additional 605,049 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Hillman Solutions by 2.5% in the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company's stock valued at $50,203,000 after purchasing an additional 113,692 shares during the period. 98.11% of the stock is 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.