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

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.3333.

HLMN has been the topic of a number of research reports. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of Hillman Solutions in a research note on Tuesday, March 24th. Benchmark dropped their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Finally, Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th.

Insider Transactions at Hillman Solutions

In related news, insider Amanda Kitzberger sold 11,804 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total transaction of $97,855.16. Following the transaction, the insider owned 72,605 shares in the company, valued at $601,895.45. This trade represents a 13.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Hillman Solutions by 80.5% in the 1st quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock valued at $484,000 after purchasing an additional 24,581 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hillman Solutions by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock valued at $1,028,000 after purchasing an additional 5,104 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hillman Solutions by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock valued at $3,463,000 after purchasing an additional 21,619 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Hillman Solutions by 334.9% in the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company’s stock valued at $2,623,000 after purchasing an additional 229,815 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Hillman Solutions by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 222,437 shares of the company’s stock valued at $1,588,000 after purchasing an additional 6,998 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $7.89 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.62 and a current ratio of 2.51. Hillman Solutions has a fifty-two week low of $6.55 and a fifty-two week high of $10.85. The firm has a market capitalization of $1.55 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.63. The stock’s 50-day simple moving average is $8.76 and its 200-day simple moving average is $9.01.

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

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.