Hillman Solutions Corp. (NASDAQ:HLMN) Stock Has Average Price Target of $12.67

Hillman Solutions Corp. (NASDAQ:HLMN) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.67.

A number of equities analysts have commented on HLMN shares. Canaccord Genuity Group reduced their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, October 1st. Weiss Ratings raised Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Raymond James Financial cut Hillman Solutions from an “outperform” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, Barclays increased their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th.

Insiders Place Their Bets

In other news, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the completion of the sale, the insider directly owned 58,855 shares in the company, valued at $426,698.75. This represents a 18.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert O. Kraft purchased 35,500 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $248,500.00. Following the completion of the purchase, the chief financial officer owned 697,090 shares of the company’s stock, valued at approximately $4,879,630. This represents a 5.37% increase in their position. The SEC filing for this purchase provides additional information. 5.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Hillman Solutions

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Hillman Solutions in the 2nd quarter worth $125,138,000. Dimensional Fund Advisors LP raised its holdings in shares of Hillman Solutions by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after acquiring an additional 870,216 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Hillman Solutions during the 2nd quarter worth $67,324,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hillman Solutions during the 2nd quarter valued at about $30,105,000. Finally, Anchor Capital Management Company LLC boosted its position in shares of Hillman Solutions by 33.1% during the 1st quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock valued at $21,095,000 after acquiring an additional 630,000 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $7.80 on Friday. The firm has a market capitalization of $1.52 billion, a PE ratio of 35.46, a P/E/G ratio of 1.09 and a beta of 1.42. Hillman Solutions has a twelve month low of $6.66 and a twelve month high of $10.85. The firm’s 50-day moving average price is $7.34 and its 200 day moving average price is $8.14. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. The company had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. On average, sell-side analysts predict that Hillman Solutions will post 0.60 EPS for the current fiscal year.

About Hillman Solutions

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.