Hillman Solutions Corp. (NASDAQ:HLMN) Receives $11.83 Average PT from Analysts

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.8333.

Several research analysts have recently commented on HLMN shares. Wall Street Zen upgraded Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price objective on shares of Hillman Solutions in a report on Monday, November 24th.

Hillman Solutions Stock Up 0.7%

Shares of HLMN opened at $10.06 on Thursday. The company’s 50-day moving average price is $9.48 and its 200 day moving average price is $9.36. Hillman Solutions has a 12-month low of $6.55 and a 12-month high of $10.85. The company has a current ratio of 2.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1.98 billion, a P/E ratio of 52.95 and a beta of 1.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in Hillman Solutions by 80.5% in the 1st quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock valued at $484,000 after purchasing an additional 24,581 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hillman Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock worth $1,028,000 after acquiring an additional 5,104 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Hillman Solutions by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock worth $3,463,000 after acquiring an additional 21,619 shares in the last quarter. Jane Street Group LLC increased its position in shares of Hillman Solutions by 334.9% in the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company’s stock valued at $2,623,000 after purchasing an additional 229,815 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Hillman Solutions by 24.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 132,764 shares of the company’s stock valued at $948,000 after purchasing an additional 25,724 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

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.