Hillman Solutions Corp. (NASDAQ:HLMN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Hillman Solutions Corp. (NASDAQ:HLMN) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.8333.

HLMN has been the subject of a number of research analyst reports. Wall Street Zen upgraded Hillman Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price target on shares of Hillman Solutions in a research report on Monday, November 24th.

Hillman Solutions Trading Down 0.2%

Shares of HLMN stock opened at $9.95 on Friday. The firm has a market capitalization of $1.96 billion, a PE ratio of 52.37 and a beta of 1.65. The business’s fifty day moving average price is $8.94 and its 200 day moving average price is $9.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.46 and a quick ratio of 0.77. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $10.64.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $424.94 million for the quarter, compared to analysts’ expectations of $425.00 million. Hillman Solutions had a net margin of 2.44% and a return on equity of 9.71%. As a group, sell-side analysts forecast that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors have recently made changes to their positions in HLMN. CWM LLC lifted its holdings in shares of Hillman Solutions by 106.3% in the 3rd quarter. CWM LLC now owns 3,441 shares of the company’s stock worth $32,000 after purchasing an additional 1,773 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Hillman Solutions in the third quarter worth $59,000. Advisory Services Network LLC bought a new stake in Hillman Solutions in the third quarter valued at $63,000. Lazard Asset Management LLC acquired a new position in shares of Hillman Solutions during the second quarter valued at $75,000. Finally, Entropy Technologies LP grew its position in shares of Hillman Solutions by 17.8% during the second quarter. Entropy Technologies LP now owns 13,100 shares of the company’s stock worth $94,000 after acquiring an additional 1,977 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

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.