Hillman Solutions Corp. (NASDAQ:HLMN) Receives $11.33 Consensus Target Price from Analysts

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.3333.

Several equities analysts have commented on HLMN shares. Benchmark decreased their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 price target on shares of Hillman Solutions in a report on Tuesday, March 24th. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $8.04 on Friday. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $10.85. The company has a 50 day moving average of $8.82 and a 200-day moving average of $9.03. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.11 and a beta of 1.63.

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

Insider Activity at Hillman Solutions

In related news, insider Amanda Kitzberger sold 11,804 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the sale, the insider directly owned 72,605 shares in the company, valued at $601,895.45. This represents a 13.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Reinhart Partners LLC. grew its holdings in shares of Hillman Solutions by 4.2% during the 3rd quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock valued at $96,129,000 after purchasing an additional 418,313 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in 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 during the last quarter. Anchor Capital Management Company LLC lifted its stake in Hillman Solutions by 102.5% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock valued at $13,015,000 after purchasing an additional 717,772 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Hillman Solutions in the second quarter valued at approximately $1,760,000. Finally, ArrowMark Colorado Holdings LLC boosted its position in Hillman Solutions by 71.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 671,000 shares of the company’s stock valued at $6,160,000 after buying an additional 280,000 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.