Hillman Solutions (NASDAQ:HLMN) Price Target Cut to $13.00 by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity cut Hillman Solutions’ price target from $14 to $13 but maintained a “buy” rating; the revised target implies approximately 91.8% upside from the prior close.
• Analyst sentiment remains broadly positive, with MarketBeat reporting a consensus “Moderate Buy” rating and an average price target of $12.67, despite mixed recent rating changes.
• Hillman matched quarterly EPS expectations at $0.17 and exceeded revenue estimates, reporting $442.25 million versus the $433.67 million consensus forecast.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) had its price objective decreased by investment analysts at Canaccord Genuity Group from $14.00 to $13.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 91.83% from the stock's previous close.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group raised Hillman Solutions to a "strong-buy" rating in a research note on Thursday, September 10th. Weiss Ratings raised shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Raymond James Financial lowered shares of Hillman Solutions from an "outperform" rating to a "hold" rating in a report on Thursday. Finally, Barclays boosted their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hillman Solutions has a consensus rating of "Moderate Buy" and an average target price of $12.67.

Hillman Solutions Price Performance

Shares of HLMN opened at $6.78 on Thursday. The business has a 50-day moving average of $7.91 and a 200-day moving average of $7.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. Hillman Solutions has a 1 year low of $6.84 and a 1 year high of $10.85. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 1.00 and a beta of 1.38.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $442.25 million for the quarter, compared to analysts' expectations of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. As a group, equities research analysts anticipate that Hillman Solutions will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Aaron Parker sold 17,381 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the transaction, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. This represents a 24.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Amanda Kitzberger sold 13,750 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total transaction of $99,687.50. Following the completion of the transaction, the insider owned 58,855 shares of the company's stock, valued at approximately $426,698.75. The trade was a 18.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.30% of the company's stock.

Institutional Investors Weigh In On Hillman Solutions

Several large investors have recently bought and sold shares of HLMN. Engineers Gate Manager LP purchased a new stake in Hillman Solutions in the second quarter worth approximately $345,000. Integrated Wealth Concepts LLC bought a new stake in shares of Hillman Solutions in the second quarter worth $25,000. Amundi increased its position in Hillman Solutions by 374.1% during the second quarter. Amundi now owns 75,215 shares of the company's stock valued at $635,000 after acquiring an additional 59,351 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Hillman Solutions during the second quarter valued at $110,000. Finally, Two Sigma Securities LLC purchased a new position in Hillman Solutions in the second quarter worth about $163,000. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Company Profile

Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.

Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.

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