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

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $11.8333.

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $15.00 target price on shares of Hillman Solutions in a research note on Monday, November 24th.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $9.95 on Friday. The firm’s 50 day moving average is $8.94 and its two-hundred day moving average is $9.07. The firm has a market capitalization of $1.96 billion, a P/E ratio of 52.37 and a beta of 1.65. The company has a current ratio of 2.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. Hillman Solutions has a 52 week low of $6.55 and a 52 week high of $10.64.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Hillman Solutions had a return on equity of 9.71% and a net margin of 2.44%.The business had revenue of $424.94 million during the quarter, compared to the consensus estimate of $425.00 million. Analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Hillman Solutions by 65.9% in the second quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock worth $53,408,000 after buying an additional 2,972,293 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of Hillman Solutions by 18.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after acquiring an additional 1,712,688 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in Hillman Solutions in the 3rd quarter worth approximately $7,364,000. Marshall Wace LLP grew its position in Hillman Solutions by 729.9% during the 3rd quarter. Marshall Wace LLP now owns 838,728 shares of the company’s stock worth $7,700,000 after purchasing an additional 737,663 shares in the last quarter. Finally, Anchor Capital Management Company LLC raised its stake in Hillman Solutions by 102.5% during the 3rd quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock valued at $13,015,000 after purchasing an additional 717,772 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.