Brokerages Set Hillman Solutions Corp. (NASDAQ:HLMN) PT at $11.83

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.8333.

Several analysts have commented on HLMN shares. Stifel Nicolaus boosted their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Barclays upped their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Canaccord Genuity Group upped their target price on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th.

Hillman Solutions Stock Down 2.3%

HLMN stock opened at $9.52 on Monday. The company’s 50 day simple moving average is $9.17 and its 200-day simple moving average is $8.31. Hillman Solutions has a 52-week low of $6.55 and a 52-week high of $12.08. The firm has a market capitalization of $1.88 billion, a P/E ratio of 86.55 and a beta of 1.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The firm had revenue of $402.80 million for the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions’s revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Hillman Solutions will post 0.58 EPS for the current year.

Insider Buying and Selling at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the sale, the insider owned 56,618 shares of the company’s stock, valued at approximately $558,253.48. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds have recently added to or reduced their stakes in HLMN. Ameriprise Financial Inc. grew its holdings in Hillman Solutions by 2.8% during the 4th quarter. Ameriprise Financial Inc. now owns 1,450,050 shares of the company’s stock worth $14,123,000 after acquiring an additional 39,612 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Hillman Solutions in the 4th quarter valued at approximately $1,443,000. Cetera Investment Advisers raised its position in shares of Hillman Solutions by 4.1% in the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock valued at $329,000 after acquiring an additional 1,325 shares during the period. Deutsche Bank AG raised its holdings in Hillman Solutions by 53.6% during the 4th quarter. Deutsche Bank AG now owns 171,077 shares of the company’s stock worth $1,666,000 after buying an additional 59,675 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Hillman Solutions by 1,911.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company’s stock worth $63,000 after buying an additional 6,193 shares during the period. Institutional investors 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.