Benchmark Lowers Hillman Solutions (NASDAQ:HLMN) Price Target to $14.00

Hillman Solutions (NASDAQ:HLMN) had its target price reduced by stock analysts at Benchmark from $15.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target would suggest a potential upside of 56.42% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday. Wall Street Zen upgraded shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $8.95 on Friday. The business has a 50-day simple moving average of $9.50 and a 200 day simple moving average of $9.39. 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 current ratio of 2.51 and a quick ratio of 0.77. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 42.62 and a beta of 1.65.

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

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLMN. White Pine Capital LLC boosted its stake in shares of Hillman Solutions by 1.1% in the 2nd quarter. White Pine Capital LLC now owns 95,358 shares of the company’s stock worth $681,000 after buying an additional 1,074 shares during the last quarter. MGO One Seven LLC lifted its holdings in Hillman Solutions by 3.8% during the fourth 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 Hillman Solutions by 8.0% in the second quarter. Bank of Montreal Can now owns 17,128 shares of the company’s stock worth $122,000 after purchasing an additional 1,268 shares during the last quarter. Tectonic Advisors LLC boosted its position in Hillman Solutions by 1.1% in the third quarter. Tectonic Advisors LLC now owns 118,022 shares of the company’s stock worth $1,083,000 after purchasing an additional 1,324 shares during the last quarter. Finally, MQS Management LLC grew its stake in Hillman Solutions by 11.1% in the 4th 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. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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.