Hillman Solutions Corp (NASDAQ:HLMN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.20.

Several analysts have recently weighed in on the company. Benchmark upped their price objective on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, December 13th. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays boosted their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th.

Insiders Place Their Bets

In other news, insider Scott Ride sold 72,523 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares of the company’s stock, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the transaction, the director now directly owns 55,811 shares in the company, valued at $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC increased its position in Hillman Solutions by 20.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock worth $357,000 after purchasing an additional 5,273 shares during the last quarter. Geode Capital Management LLC increased its holdings in Hillman Solutions by 2.5% in the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock worth $50,203,000 after buying an additional 113,692 shares during the last quarter. Barclays PLC raised its position in Hillman Solutions by 326.8% during the third quarter. Barclays PLC now owns 305,468 shares of the company’s stock valued at $3,226,000 after acquiring an additional 233,894 shares in the last quarter. XTX Topco Ltd acquired a new stake in Hillman Solutions in the third quarter valued at approximately $275,000. Finally, EP Wealth Advisors LLC bought a new stake in Hillman Solutions in the third quarter worth approximately $210,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Stock Performance

Shares of HLMN opened at $9.96 on Friday. The firm has a market capitalization of $1.96 billion, a PE ratio of 249.06 and a beta of 1.65. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $10.92 and a 200 day moving average price of $10.00. Hillman Solutions has a 52-week low of $8.43 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The business had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Hillman Solutions will post 0.53 earnings per share for the current fiscal 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.