Hillman Solutions Corp. (NASDAQ:HLMN) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Hillman Solutions, with two buy ratings, one strong-buy, one hold and one sell. The average 12-month price target is $12.67, above the stock’s recent $6.98 price.
• Hillman’s latest quarterly results met expectations, reporting $0.17 EPS and revenue of $442.25 million, exceeding analysts’ $433.67 million forecast. Analysts expect full-year EPS of approximately $0.60.
• Institutional investors own 98.11% of the shares and several firms increased their positions, while two company insiders recently sold shares. The stock is near its 52-week low of $6.93, with a market capitalization of about $1.36 billion.

Shares of Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) have been given an average rating of "Moderate Buy" by the five analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.6667.

Several research analysts recently commented on HLMN shares. Jefferies Financial Group upgraded Hillman Solutions to a "strong-buy" rating in a research report on Thursday. Weiss Ratings raised Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Canaccord Genuity Group dropped their target price on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, July 1st. Finally, Barclays boosted their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $6.98 on Friday. Hillman Solutions has a 52-week low of $6.93 and a 52-week high of $10.85. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The firm's fifty day moving average is $8.14 and its 200 day moving average is $8.07. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.02 and a beta of 1.38.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, hitting analysts' consensus estimates of $0.17. The business had revenue of $442.25 million during 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%. Sell-side analysts forecast that Hillman Solutions will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the transaction, the insider directly owned 54,723 shares of the company's stock, valued at approximately $468,976.11. The trade was a 24.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amanda Kitzberger sold 13,750 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the transaction, the insider owned 58,855 shares in the company, valued at $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. Insiders own 5.30% of the company's stock.

Institutional Trading of Hillman Solutions

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Hillman Solutions by 80.5% during the first quarter. AQR Capital Management LLC now owns 55,109 shares of the company's stock valued at $484,000 after buying an additional 24,581 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hillman Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company's stock worth $1,028,000 after purchasing an additional 5,104 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Hillman Solutions by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company's stock valued at $3,463,000 after buying an additional 21,619 shares in the last quarter. Jane Street Group LLC grew its stake in Hillman Solutions by 334.9% in the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company's stock worth $2,623,000 after acquiring an additional 229,815 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Hillman Solutions by 72.0% during the second quarter. Prudential Financial Inc. now owns 26,145 shares of the company's stock worth $187,000 after acquiring an additional 10,940 shares during the period. Institutional investors 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.

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