Benchmark Cuts Hillman Solutions (NASDAQ:HLMN) Price Target to $14.00

Hillman Solutions (NASDAQ:HLMN) had its target price reduced by Benchmark from $15.00 to $14.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on HLMN. Canaccord Genuity Group cut their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Finally, Wall Street Zen raised shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.33.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $8.95 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The company’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $9.38. The firm has a market capitalization of $1.77 billion, a P/E ratio of 42.62 and a beta of 1.65. Hillman Solutions has a 12 month low of $6.55 and a 12 month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The business had revenue of $365.14 million for the quarter, compared to analyst estimates of $371.69 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after acquiring an additional 10,839,127 shares in the last quarter. American Century Companies Inc. boosted its holdings in 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 purchasing an additional 2,972,293 shares during the period. Burgundy Asset Management Ltd. increased its stake in Hillman Solutions by 18.0% during the second quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after purchasing an additional 1,712,688 shares during the last quarter. UBS Group AG increased its stake in Hillman Solutions by 112.2% during the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after purchasing an additional 1,412,693 shares during the last quarter. Finally, Reinhart Partners LLC. raised its holdings in shares of Hillman Solutions by 8.8% during the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after purchasing an additional 916,986 shares during the period. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Company Profile

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.