Hillman Solutions Corp (NASDAQ:HLMN) Given Consensus Rating of “Buy” by Brokerages

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have received an average rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.75.

A number of brokerages recently commented on HLMN. Canaccord Genuity Group began coverage on shares of Hillman Solutions in a research report on Tuesday, July 11th. They set a “buy” rating and a $12.00 price objective on the stock. Barclays boosted their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Finally, Imperial Capital began coverage on shares of Hillman Solutions in a research report on Wednesday, May 31st. They issued an “outperform” rating and a $10.25 target price for the company.

Hillman Solutions Stock Performance

Shares of HLMN opened at $8.63 on Friday. The company’s 50 day moving average price is $9.28 and its 200 day moving average price is $8.67. Hillman Solutions has a 52 week low of $6.59 and a 52 week high of $10.28. The company has a market capitalization of $1.68 billion, a PE ratio of -57.53 and a beta of 1.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 2.51.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Hillman Solutions had a negative net margin of 1.92% and a positive return on equity of 6.42%. The firm had revenue of $380.02 million for the quarter, compared to the consensus estimate of $397.62 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Research analysts expect that Hillman Solutions will post 0.39 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Hillman Solutions in the second quarter worth $30,000. Ensign Peak Advisors Inc acquired a new position in Hillman Solutions during the 3rd quarter valued at $30,000. Rockefeller Capital Management L.P. raised its stake in Hillman Solutions by 590.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,000 shares of the company’s stock valued at $36,000 after purchasing an additional 4,276 shares during the last quarter. Advisory Services Network LLC raised its stake in Hillman Solutions by 50.4% during the 1st quarter. Advisory Services Network LLC now owns 6,655 shares of the company’s stock valued at $56,000 after purchasing an additional 2,229 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Hillman Solutions during the 2nd quarter valued at $58,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

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.