Brokerages Set Hillman Solutions Corp. (NASDAQ:HLMN) Target Price at $11.33

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.3333.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Finally, Benchmark lowered their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th.

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLMN. White Pine Capital LLC grew its holdings in Hillman Solutions by 1.1% in the 2nd quarter. White Pine Capital LLC now owns 95,358 shares of the company’s stock valued at $681,000 after buying an additional 1,074 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of Hillman Solutions by 3.8% during the 4th quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock worth $260,000 after acquiring an additional 1,109 shares during the period. Bank of Montreal Can boosted its position in shares of Hillman Solutions by 8.0% during the 2nd quarter. Bank of Montreal Can now owns 17,128 shares of the company’s stock valued at $122,000 after acquiring an additional 1,268 shares during the last quarter. Tectonic Advisors LLC boosted its position in shares of Hillman Solutions by 1.1% during the 3rd quarter. Tectonic Advisors LLC now owns 118,022 shares of the company’s stock valued at $1,083,000 after acquiring an additional 1,324 shares during the last quarter. Finally, MQS Management LLC grew its holdings in shares of Hillman Solutions by 11.1% in the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after purchasing an additional 1,406 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Stock Up 0.7%

NASDAQ HLMN opened at $8.29 on Monday. The business has a fifty day moving average price of $9.32 and a 200 day moving average price of $9.24. Hillman Solutions has a one year low of $6.55 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.62 and a current ratio of 2.51. The company has a market cap of $1.63 billion, a P/E ratio of 39.48 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The company had revenue of $365.14 million for the quarter, compared to analysts’ expectations of $371.69 million. During the same quarter in the previous year, the company posted $0.10 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts anticipate that Hillman Solutions will post 0.58 EPS for the current fiscal year.

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.