Hillman Solutions Corp. (NASDAQ:HLMN) Receives Consensus Rating of “Hold” from Brokerages

Hillman Solutions Corp. (NASDAQ:HLMN) has been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.8333.

A number of analysts have weighed in on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $15.00 target price on shares of Hillman Solutions in a research note on Monday, November 24th. Stifel Nicolaus lifted their price objective on shares of Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a report on Friday, August 29th. Wall Street Zen downgraded shares of Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research note on Tuesday, October 14th.

Institutional Trading of Hillman Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Hillman Solutions by 65.9% during the second quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock valued at $53,408,000 after purchasing an additional 2,972,293 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Hillman Solutions by 18.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after acquiring an additional 1,712,688 shares during the period. Reinhart Partners LLC. raised its position in shares of Hillman Solutions by 16.1% in the 2nd quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company’s stock worth $71,780,000 after acquiring an additional 1,393,980 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of Hillman Solutions during the 3rd quarter worth $7,364,000. Finally, Marshall Wace LLP lifted its stake in shares of Hillman Solutions by 729.9% during the 3rd quarter. Marshall Wace LLP now owns 838,728 shares of the company’s stock worth $7,700,000 after purchasing an additional 737,663 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $8.97 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.46 and a quick ratio of 0.77. The firm has a market capitalization of $1.77 billion, a P/E ratio of 47.21 and a beta of 1.65. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $10.64. The company’s 50-day moving average is $8.96 and its 200 day moving average is $8.79.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Hillman Solutions had a return on equity of 9.71% and a net margin of 2.44%.The firm had revenue of $424.94 million for the quarter, compared to analysts’ expectations of $425.00 million. Research analysts forecast that Hillman Solutions will post 0.58 EPS for the current year.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.