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

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) have received a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.60.

HLMN has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their price target on Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird increased their price target on Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Benchmark reiterated a "buy" rating and issued a $13.00 price target on shares of Hillman Solutions in a research report on Thursday, August 8th. Finally, Barclays raised their price objective on Hillman Solutions from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th.

Insider Transactions at Hillman Solutions

In other news, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.

Institutional Trading of Hillman Solutions

Several institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its stake in Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock valued at $35,000 after buying an additional 2,317 shares in the last quarter. ProShare Advisors LLC increased its holdings in Hillman Solutions by 8.5% in the first quarter. ProShare Advisors LLC now owns 35,103 shares of the company's stock valued at $373,000 after purchasing an additional 2,762 shares during the last quarter. Rhumbline Advisers increased its holdings in Hillman Solutions by 1.0% in the second quarter. Rhumbline Advisers now owns 309,419 shares of the company's stock valued at $2,738,000 after purchasing an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hillman Solutions by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company's stock valued at $382,000 after purchasing an additional 3,299 shares during the last quarter. Finally, Quarry LP bought a new stake in Hillman Solutions in the third quarter valued at about $43,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Price Performance

NASDAQ:HLMN traded up $0.04 during mid-day trading on Tuesday, reaching $10.82. 855,569 shares of the stock were exchanged, compared to its average volume of 891,671. The business has a fifty day moving average price of $10.54 and a 200 day moving average price of $9.74. The firm has a market capitalization of $2.13 billion, a PE ratio of 269.57 and a beta of 1.65. Hillman Solutions has a 1-year low of $7.05 and a 1-year high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The firm 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%. Hillman Solutions's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. Research analysts expect that Hillman Solutions will post 0.53 earnings per share for the current fiscal 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.