Hillman Solutions Corp (NASDAQ:HLMN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.20.

HLMN has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Canaccord Genuity Group raised their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Benchmark raised their price target on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday. Finally, Barclays boosted their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th.

Insider Activity

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now owns 70,369 shares in the company, valued at $750,133.54. The trade was a 50.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. grew its stake in Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after purchasing an additional 2,317 shares in the last quarter. Rhumbline Advisers grew its position in shares of Hillman Solutions by 1.0% during the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after buying an additional 3,129 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Hillman Solutions by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after buying an additional 3,299 shares in the last quarter. Quarry LP bought a new stake in shares of Hillman Solutions in the third quarter worth $43,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Hillman Solutions by 103.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after acquiring an additional 4,473 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Trading Down 0.8 %

NASDAQ HLMN opened at $10.79 on Friday. The company has a market cap of $2.12 billion, a P/E ratio of 269.82 and a beta of 1.65. Hillman Solutions has a 12 month low of $8.32 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. The company has a 50-day moving average of $10.88 and a 200-day moving average of $9.96.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. Hillman Solutions’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts predict that Hillman Solutions will post 0.53 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.