Hillman Solutions Corp (NASDAQ:HLMN) Receives $13.60 Consensus Target Price from Analysts

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $13.60.

Several research analysts recently issued reports on HLMN shares. Barclays dropped their price target on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Robert W. Baird dropped their target price on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Benchmark reiterated a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new stake in Hillman Solutions during the 4th quarter valued at $25,000. R Squared Ltd bought a new stake in shares of Hillman Solutions during the fourth quarter worth $32,000. First Horizon Advisors Inc. increased its stake in shares of Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after buying an additional 2,317 shares in the last quarter. Quarry LP bought a new position in shares of Hillman Solutions in the third quarter valued at about $43,000. Finally, Sterling Capital Management LLC lifted its position in Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after buying an additional 4,572 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $8.69 on Monday. The business’s 50 day moving average is $9.76 and its 200-day moving average is $10.24. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.71 billion, a PE ratio of 108.64 and a beta of 1.68. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period last year, the firm earned $0.10 EPS. Sell-side analysts predict that Hillman Solutions will post 0.58 earnings per share for the current year.

Hillman Solutions Company Profile

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.