Hillman Solutions Corp (NASDAQ:HLMN) Receives $14.20 Average PT from Brokerages

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, 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 1 year price target among analysts that have issued a report on the stock in the last year is $14.20.

Several equities research analysts have recently commented on the stock. William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Canaccord Genuity Group upped their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Benchmark lifted their price objective on Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Barclays lifted their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird boosted their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th.

Insiders Place Their Bets

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 transaction, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Ride sold 72,523 shares of the firm's 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 sale, the insider now directly owns 70,369 shares of the company's stock, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hillman Solutions

Large investors have recently modified their holdings of the business. Nordea Investment Management AB purchased a new position in shares of Hillman Solutions during the fourth quarter worth $4,631,000. Sanctuary Advisors LLC boosted its holdings in Hillman Solutions by 20.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company's stock valued at $357,000 after acquiring an additional 5,273 shares during the period. Geode Capital Management LLC grew its position in Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company's stock valued at $50,203,000 after acquiring an additional 113,692 shares in the last quarter. Barclays PLC increased its stake in Hillman Solutions by 326.8% during the third quarter. Barclays PLC now owns 305,468 shares of the company's stock worth $3,226,000 after purchasing an additional 233,894 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Hillman Solutions during the third quarter worth about $275,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Stock Down 0.4 %

NASDAQ HLMN traded down $0.04 on Wednesday, hitting $9.48. The stock had a trading volume of 698,080 shares, compared to its average volume of 857,836. Hillman Solutions has a 52-week low of $8.43 and a 52-week high of $12.08. The business's fifty day moving average price is $10.66 and its 200 day moving average price is $10.09. 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 stock has a market cap of $1.86 billion, a price-to-earnings ratio of 237.06 and a beta of 1.68.

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