Analysts Set Hillman Solutions Corp. (NASDAQ:HLMN) PT at $11.83

Hillman Solutions Corp. (NASDAQ:HLMN) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $11.8333.

A number of research firms have recently commented on HLMN. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 price objective on shares of Hillman Solutions in a report on Monday, November 24th. Wall Street Zen upgraded Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th.

Institutional Trading of Hillman Solutions

A number of hedge funds have recently added to or reduced their stakes in HLMN. Burgundy Asset Management Ltd. grew its position in Hillman Solutions by 18.0% in the second quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after acquiring an additional 1,712,688 shares in the last quarter. Reinhart Partners LLC. grew its holdings in Hillman Solutions by 4.2% during the third quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock worth $96,129,000 after acquiring an additional 418,313 shares during the period. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,478,127 shares of the company’s stock worth $77,829,000 after purchasing an additional 257,953 shares in the last quarter. American Century Companies Inc. lifted its stake in Hillman Solutions by 65.9% in the 2nd quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock worth $53,408,000 after acquiring an additional 2,972,293 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Hillman Solutions by 1.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,208,050 shares of the company’s stock worth $54,060,000 after buying an additional 96,636 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Stock Down 2.8%

HLMN stock opened at $9.67 on Friday. Hillman Solutions has a 12 month low of $6.55 and a 12 month high of $10.64. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 50.90 and a beta of 1.65. The company has a current ratio of 2.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $8.99 and a two-hundred day moving average of $9.11.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $424.94 million during the quarter, compared to analysts’ expectations of $425.00 million. Hillman Solutions had a net margin of 2.44% and a return on equity of 9.71%. As a group, analysts forecast that Hillman Solutions will post 0.58 earnings per share 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.