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

Hillman Solutions Corp (NASDAQ:HLMN) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.60.

Several brokerages have weighed in on HLMN. Barclays dropped their target price on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Benchmark reaffirmed a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird decreased their target price on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd.

Insider Buying and Selling

In related news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Hillman Solutions by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock worth $89,199,000 after purchasing an additional 509,016 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Hillman Solutions by 1.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock worth $86,452,000 after purchasing an additional 160,505 shares in the last quarter. Reinhart Partners LLC. raised its stake in shares of Hillman Solutions by 1.7% during the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after purchasing an additional 130,273 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hillman Solutions by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock worth $62,521,000 after purchasing an additional 605,049 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after acquiring an additional 113,692 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $9.46 on Thursday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 118.26 and a beta of 1.68. The business has a 50 day simple moving average of $9.94 and a 200-day simple moving average of $10.29. 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 has a twelve month low of $8.43 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share 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 company had revenue of $349.56 million during the quarter, compared to analyst estimates of $350.45 million. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, equities research analysts expect that Hillman Solutions will post 0.58 earnings per share for the current 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.