Hillman Solutions Corp. (NASDAQ:HLMN) Given Consensus Rating of “Hold” by Analysts

Hillman Solutions Corp. (NASDAQ:HLMN) has been assigned an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.50.

HLMN has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Benchmark reduced their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 target price on shares of Hillman Solutions in a report on Tuesday, March 24th.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $7.36 on Friday. The company’s fifty day moving average price is $8.12 and its 200-day moving average price is $8.74. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.01 and a beta of 1.47. Hillman Solutions has a one year low of $6.55 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.82.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $370.07 million during the quarter, compared to the consensus estimate of $371.73 million. Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.Hillman Solutions’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. On average, equities research analysts anticipate that Hillman Solutions will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Hillman Solutions

In related news, insider Amanda Kitzberger sold 11,804 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the transaction, the insider owned 72,605 shares of the company’s stock, valued at approximately $601,895.45. This trade represents a 13.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the business. Reinhart Partners LLC. grew its holdings in shares of Hillman Solutions by 8.8% during the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after purchasing an additional 916,986 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after purchasing an additional 10,839,127 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hillman Solutions by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after buying an additional 870,216 shares during the period. Conestoga Capital Advisors LLC boosted its position in Hillman Solutions by 4.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock valued at $49,487,000 after buying an additional 230,580 shares during the period. Finally, State Street Corp boosted its position in Hillman Solutions by 0.7% during the 4th quarter. State Street Corp now owns 4,313,518 shares of the company’s stock valued at $37,355,000 after buying an additional 28,735 shares during the period. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.