Hillman Solutions Corp (NASDAQ:HLMN) Receives $13.60 Average PT from Analysts

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $13.60.

HLMN has been the topic of a number of recent analyst reports. William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Benchmark reissued a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. Barclays dropped 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. Finally, Robert W. Baird lowered their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds have recently added to or reduced their stakes in HLMN. Nordea Investment Management AB bought a new position in shares of Hillman Solutions during the 4th quarter worth about $4,631,000. Sanctuary Advisors LLC increased its holdings in shares of Hillman Solutions by 20.0% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hillman Solutions by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock valued at $24,244,000 after acquiring an additional 73,216 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Hillman Solutions by 108.9% during the fourth quarter. Intech Investment Management LLC now owns 66,158 shares of the company's stock worth $644,000 after purchasing an additional 34,485 shares during the period. Finally, FMR LLC lifted its holdings in shares of Hillman Solutions by 338.9% in the 3rd quarter. FMR LLC now owns 22,199 shares of the company's stock worth $234,000 after purchasing an additional 17,141 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

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Hillman Solutions Stock Down 0.3 %

HLMN stock traded down $0.03 during trading hours on Monday, reaching $9.02. 660,416 shares of the stock were exchanged, compared to its average volume of 873,911. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 112.76 and a beta of 1.68. The firm's 50-day moving average is $9.80 and its 200-day moving average is $10.25. Hillman Solutions has a 12 month low of $8.43 and a 12 month high of $12.08. 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 announced its 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 business had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities research analysts expect that Hillman Solutions will post 0.58 earnings per share for the current year.

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.