Hillman Solutions Corp. (NASDAQ:HLMN) Receives $11.00 Average Target Price from Analysts

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) has been given an average rating of "Hold" by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.00.

Several analysts recently weighed in on the company. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Barclays reduced their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Raymond James Financial set a $10.00 price objective on shares of Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird reduced their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th.

Hillman Solutions Trading Up 0.2%

Shares of Hillman Solutions stock traded up $0.02 on Wednesday, hitting $7.62. 479,401 shares of the company traded hands, compared to its average volume of 1,130,109. The company has a current ratio of 2.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.50 billion, a PE ratio of 84.62 and a beta of 1.65. The stock's 50 day moving average price is $7.36 and its 200-day moving average price is $8.66. Hillman Solutions has a 52 week low of $6.55 and a 52 week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The company had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. During the same period last year, the business posted $0.10 EPS. Hillman Solutions's quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Hillman Solutions will post 0.58 EPS for the current year.

Insider Activity at Hillman Solutions

In other news, CFO Robert O. Kraft bought 140,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was bought at an average price of $7.09 per share, with a total value of $992,600.00. Following the completion of the transaction, the chief financial officer directly owned 632,752 shares of the company's stock, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

A number of large investors have recently made changes to their positions in HLMN. Federated Hermes Inc. purchased a new position in Hillman Solutions during the 4th quarter worth $25,000. KBC Group NV acquired a new stake in Hillman Solutions in the first quarter worth about $35,000. Sterling Capital Management LLC grew its stake in shares of Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after acquiring an additional 4,572 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Hillman Solutions by 1,911.4% during the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after acquiring an additional 6,193 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Hillman Solutions by 285.7% during the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after acquiring an additional 5,915 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

About Hillman Solutions

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.