Hillman Solutions Corp (NASDAQ:HLMN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Hillman Solutions Corp (NASDAQ:HLMNGet Rating) have earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.93.

A number of research firms recently weighed in on HLMN. Zacks Investment Research lowered shares of Hillman Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays assumed coverage on shares of Hillman Solutions in a research report on Friday. They issued an “overweight” rating and a $15.00 price objective on the stock. Finally, Raymond James reduced their target price on Hillman Solutions from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, March 3rd.

HLMN stock opened at $11.60 on Friday. Hillman Solutions has a twelve month low of $8.12 and a twelve month high of $13.46. The business has a 50 day simple moving average of $10.63 and a 200-day simple moving average of $10.41. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.41 and a quick ratio of 0.49.

Hillman Solutions (NASDAQ:HLMNGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $344.49 million during the quarter, compared to analysts’ expectations of $332.50 million. On average, equities analysts anticipate that Hillman Solutions will post 0.2 earnings per share for the current fiscal year.

In related news, major shareholder Ccmp Capital, Lp sold 12,347,733 shares of Hillman Solutions stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $10.00, for a total transaction of $123,477,330.00. Following the completion of the sale, the insider now owns 2,589,858 shares in the company, valued at approximately $25,898,580. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas Cahill acquired 94,786 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The shares were bought at an average price of $10.60 per share, with a total value of $1,004,731.60. The disclosure for this purchase can be found here. Insiders have bought a total of 161,186 shares of company stock valued at $1,694,802 in the last ninety days.

A number of institutional investors have recently added to or reduced their stakes in HLMN. Advisor Group Holdings Inc. raised its position in shares of Hillman Solutions by 96.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,322 shares of the company’s stock valued at $26,000 after purchasing an additional 1,143 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Hillman Solutions in the 3rd quarter valued at approximately $30,000. Financial Management Professionals Inc. acquired a new position in shares of Hillman Solutions in the 3rd quarter valued at approximately $70,000. CWM LLC acquired a new position in shares of Hillman Solutions in the 4th quarter valued at approximately $83,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Hillman Solutions in the 4th quarter valued at approximately $112,000. 87.80% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Company Profile (Get Rating)

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.

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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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