Hillman Solutions (NASDAQ:HLMN) Given “Buy” Rating at Benchmark

Hillman Solutions (NASDAQ:HLMN)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $16.00 target price on the stock. Benchmark’s price objective would suggest a potential upside of 58.02% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Barclays decreased their price objective 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 lowered their price target on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

Hillman Solutions Stock Down 1.1 %

Shares of HLMN opened at $10.13 on Wednesday. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 126.58 and a beta of 1.68. Hillman Solutions has a 52 week low of $8.43 and a 52 week high of $12.08. The stock’s 50-day moving average price is $10.01 and its 200-day moving average price is $10.25. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. During the same period in the previous year, the business earned $0.10 EPS. On average, sell-side analysts predict that Hillman Solutions will post 0.57 EPS for the current year.

Insider Activity at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hillman Solutions

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