Hillman Solutions Corp. (NASDAQ:HLMN) Receives $12.25 Consensus Target Price from Analysts

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have received an average recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.25.

HLMN has been the subject of several research analyst reports. Canaccord Genuity Group cut their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th.

Hillman Solutions Trading Up 4.2%

NASDAQ HLMN opened at $8.44 on Friday. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.66 billion, a P/E ratio of 44.42, a P/E/G ratio of 1.12 and a beta of 1.38. Hillman Solutions has a 52-week low of $6.96 and a 52-week high of $10.85. The firm has a 50-day moving average price of $7.71 and a 200 day moving average price of $8.47.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $370.07 million during the quarter, compared to analysts’ expectations of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. Hillman Solutions’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Equities research analysts expect that Hillman Solutions will post 0.6 EPS for the current year.

Institutional Trading of Hillman Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in shares of Hillman Solutions during the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC purchased a new position in Hillman Solutions in the 4th quarter valued at approximately $37,000. Brown Brothers Harriman & Co. purchased a new position in Hillman Solutions in the 3rd quarter valued at approximately $59,000. Advisory Services Network LLC purchased a new position in Hillman Solutions in the 3rd quarter valued at approximately $63,000. Finally, Quadrant Capital Group LLC acquired a new position in Hillman Solutions during the fourth quarter worth $74,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.