Canaccord Genuity Group Boosts Hillman Solutions (NASDAQ:HLMN) Price Target to $13.00

Hillman Solutions (NASDAQ:HLMN) had its price objective raised by Canaccord Genuity Group from $12.00 to $13.00 in a research note published on Wednesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities analysts also recently commented on the stock. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a research report on Thursday, August 8th. Barclays raised their price objective on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.08.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN opened at $10.99 on Wednesday. Hillman Solutions has a one year low of $6.02 and a one year high of $11.15. The business’s 50-day moving average price is $9.99 and its two-hundred day moving average price is $9.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77. The company has a market capitalization of $2.15 billion, a P/E ratio of -1,099.00 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $379.43 million for the quarter, compared to analyst estimates of $383.53 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. During the same quarter last year, the firm earned $0.13 earnings per share. Analysts anticipate that Hillman Solutions will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hillman Solutions

Hedge funds have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky raised its stake in Hillman Solutions by 31.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 243,643 shares of the company’s stock valued at $2,244,000 after purchasing an additional 58,036 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Hillman Solutions by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company’s stock valued at $177,455,000 after buying an additional 110,730 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Hillman Solutions during the first quarter worth about $140,000. Benjamin F. Edwards & Company Inc. bought a new position in Hillman Solutions during the first quarter valued at about $46,000. Finally, Principal Financial Group Inc. raised its holdings in Hillman Solutions by 307.9% in the 1st quarter. Principal Financial Group Inc. now owns 100,544 shares of the company’s stock valued at $1,070,000 after acquiring an additional 75,892 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

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.