Hillman Solutions Corp (NASDAQ:HLMN) Given Average Rating of "Moderate Buy" by Analysts

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.08.

A number of research firms have commented on HLMN. Canaccord Genuity Group upped 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. Benchmark reissued a "buy" rating and set a $13.00 target price on shares of Hillman Solutions in a research report on Thursday, August 8th. Finally, Barclays boosted their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Monday, August 12th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in Hillman Solutions by 158.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company's stock valued at $62,518,000 after acquiring an additional 4,336,039 shares during the period. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company's stock valued at $42,134,000 after purchasing an additional 578,042 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Hillman Solutions by 271.3% during the second quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company's stock worth $6,168,000 after buying an additional 509,219 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Hillman Solutions by 7.2% during the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company's stock valued at $79,012,000 after buying an additional 503,809 shares during the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of Hillman Solutions in the 1st quarter worth about $4,498,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Trading Down 0.5 %

Shares of Hillman Solutions stock traded down $0.05 on Friday, hitting $10.44. The stock had a trading volume of 471,651 shares, compared to its average volume of 892,586. The stock has a 50 day moving average of $10.11 and a 200 day moving average of $9.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. Hillman Solutions has a twelve month low of $6.02 and a twelve month high of $11.15. The firm has a market capitalization of $2.05 billion, a P/E ratio of 348.12 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The firm had revenue of $379.43 million during the quarter, compared to the consensus estimate of $383.53 million. During the same quarter last year, the firm earned $0.13 earnings per share. Sell-side analysts expect that Hillman Solutions will post 0.52 earnings per share for the current fiscal 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.