Hillman Solutions Corp. (NASDAQ:HLMN) Receives $11.83 Consensus Price Target from Analysts

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.8333.

Several research analysts recently weighed in on HLMN shares. Wall Street Zen raised Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a report 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 report on Monday, November 24th.

Institutional Trading of Hillman Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. Reinhart Partners LLC. increased its position in shares of Hillman Solutions by 4.2% during the third quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock worth $96,129,000 after acquiring an additional 418,313 shares during the last quarter. Burgundy Asset Management Ltd. raised its position 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 purchasing an additional 1,712,688 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Hillman Solutions during the 2nd quarter valued at approximately $1,760,000. Campbell & CO Investment Adviser LLC grew its position in shares of Hillman Solutions by 243.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 239,960 shares of the company’s stock worth $1,713,000 after buying an additional 170,077 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Hillman Solutions by 65.9% in the second quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock worth $53,408,000 after buying an additional 2,972,293 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Trading Up 0.7%

NASDAQ HLMN opened at $10.06 on Thursday. The company has a 50-day moving average of $9.51 and a 200-day moving average of $9.38. 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 12 month low of $6.55 and a 12 month high of $10.85. The company has a market cap of $1.98 billion, a P/E ratio of 52.95 and a beta of 1.65.

Hillman Solutions Company Profile

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.