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

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have earned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.08.

Several research analysts recently commented on the company. Benchmark reissued a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Barclays lifted their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group increased their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th.

Hillman Solutions Stock Up 0.5 %

HLMN stock opened at $10.49 on Friday. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions has a 52 week low of $6.02 and a 52 week high of $11.15. The stock has a market capitalization of $2.06 billion, a PE ratio of -1,049.00 and a beta of 1.66. The firm has a 50 day moving average of $10.07 and a 200 day moving average of $9.60.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The business had revenue of $379.43 million during the quarter, compared to analyst estimates of $383.53 million. During the same quarter last year, the business posted $0.13 EPS. Sell-side analysts forecast that Hillman Solutions will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HLMN. Allspring Global Investments Holdings LLC raised its stake in Hillman Solutions by 158.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock worth $62,518,000 after acquiring an additional 4,336,039 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after purchasing an additional 578,042 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Hillman Solutions by 271.3% during the second quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company’s stock worth $6,168,000 after purchasing an additional 509,219 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of Hillman Solutions by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after purchasing an additional 503,809 shares during the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of Hillman Solutions in the 1st quarter valued at about $4,498,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.