Hillman Solutions Corp. (NASDAQ:HLMN) Receives $11.00 Average PT from Brokerages

Hillman Solutions Corp. (NASDAQ:HLMN) has received an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $11.00.

HLMN has been the topic of a number of recent analyst reports. Raymond James Financial set a $10.00 price objective on Hillman Solutions and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Baird R W cut Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Robert W. Baird lowered their price objective on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Finally, Barclays lowered their price objective on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN opened at $7.62 on Wednesday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 84.62 and a beta of 1.65. The company has a current ratio of 2.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $12.08. The stock’s 50-day moving average is $7.36 and its 200 day moving average is $8.64.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The firm had revenue of $359.34 million during the quarter, compared to analyst estimates of $358.14 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was acquired at an average price of $7.09 per share, with a total value of $992,600.00. Following the transaction, the chief financial officer owned 632,752 shares in the company, valued at $4,486,211.68. This represents a 28.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Hillman Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company’s stock valued at $172,067,000 after purchasing an additional 134,830 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Hillman Solutions by 0.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company’s stock valued at $124,949,000 after acquiring an additional 64,966 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Hillman Solutions by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company’s stock valued at $83,416,000 after acquiring an additional 613,865 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Hillman Solutions by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after acquiring an additional 509,016 shares during the period. Finally, Reinhart Partners LLC. grew its stake in shares of Hillman Solutions by 13.8% during the 1st quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company’s stock valued at $76,115,000 after acquiring an additional 1,046,765 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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.