Analysts Set Hillman Solutions Corp (NASDAQ:HLMN) Price Target at $11.63

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.63.

Several brokerages have recently weighed in on HLMN. Stifel Nicolaus reaffirmed a “buy” rating and issued a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. Canaccord Genuity Group upped their price objective on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays lifted their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $9.63, for a total value of $2,412,757.98. Following the sale, the insider now directly owns 45,440 shares in the company, valued at $437,587.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Jon Michael Adinolfi sold 110,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $9.81, for a total value of $1,079,100.00. Following the completion of the transaction, the chief operating officer now owns 659,889 shares in the company, valued at approximately $6,473,511.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Randall J. Fagundo sold 250,546 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the sale, the insider now directly owns 45,440 shares of the company’s stock, valued at $437,587.20. The disclosure for this sale can be found here. Insiders sold 618,658 shares of company stock worth $5,958,077 in the last 90 days. 4.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Hillman Solutions during the 1st quarter valued at about $46,000. AXQ Capital LP purchased a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $103,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Hillman Solutions during the 3rd quarter valued at $108,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Hillman Solutions by 22.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,310 shares of the company’s stock valued at $110,000 after buying an additional 2,407 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Hillman Solutions in the 3rd quarter worth about $129,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $9.98 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. Hillman Solutions has a fifty-two week low of $6.02 and a fifty-two week high of $10.85. The stock has a fifty day moving average of $9.91 and a two-hundred day moving average of $8.80. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -199.56 and a beta of 1.73.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The company had revenue of $347.81 million during the quarter, compared to the consensus estimate of $344.98 million. During the same quarter in the prior year, the company posted $0.05 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts anticipate that Hillman Solutions will post 0.49 EPS 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.