Hillman Solutions (NASDAQ:HLMN) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Hillman Solutions (NASDAQ:HLMN) had its price target boosted by research analysts at Robert W. Baird from $12.00 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 25.90% from the stock’s previous close.

Several other equities research analysts have also commented on HLMN. Benchmark reaffirmed a “buy” rating and issued a $13.00 price target on shares of Hillman Solutions in a report on Thursday, August 8th. Barclays increased their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group increased their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.92.

Hillman Solutions Price Performance

NASDAQ:HLMN opened at $11.12 on Wednesday. Hillman Solutions has a one year low of $6.02 and a one year high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 278.00 and a beta of 1.65. The firm’s fifty day moving average is $10.36 and its two-hundred day moving average is $9.68.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The company had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Research analysts expect that Hillman Solutions will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new position in Hillman Solutions in the 2nd quarter valued at about $57,000. Benjamin F. Edwards & Company Inc. lifted its stake in Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after buying an additional 4,473 shares in the last quarter. Institute for Wealth Management LLC. purchased a new position in Hillman Solutions in the 2nd quarter valued at about $101,000. Stratos Wealth Advisors LLC purchased a new position in Hillman Solutions in the 3rd quarter valued at about $132,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Hillman Solutions in the 1st quarter valued at about $143,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

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.