Hillman Solutions Corp. (NASDAQ:HLMN) Given Consensus Rating of "Hold" by Brokerages

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) has earned an average rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $11.00.

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

Insiders Place Their Bets

In other news, CFO Robert O. Kraft acquired 140,000 shares of Hillman Solutions stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the purchase, the chief financial officer owned 632,752 shares in the company, valued at $4,486,211.68. This represents a 28.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.90% of the company's stock.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Hillman Solutions by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 699,403 shares of the company's stock valued at $6,812,000 after purchasing an additional 6,653 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Hillman Solutions by 4.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 78,807 shares of the company's stock valued at $768,000 after purchasing an additional 3,476 shares during the period. Bailard Inc. increased its holdings in shares of Hillman Solutions by 12.1% in the fourth quarter. Bailard Inc. now owns 42,500 shares of the company's stock valued at $414,000 after purchasing an additional 4,600 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Hillman Solutions by 285.7% in the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after purchasing an additional 5,915 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Hillman Solutions by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock worth $24,244,000 after acquiring an additional 73,216 shares during the period. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Up 0.2%

Shares of HLMN traded up $0.02 during midday trading on Wednesday, hitting $7.62. The company had a trading volume of 479,401 shares, compared to its average volume of 1,131,977. The company's 50-day simple moving average is $7.36 and its 200-day simple moving average is $8.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 2.46. The firm has a market capitalization of $1.50 billion, a P/E ratio of 84.62 and a beta of 1.65. Hillman Solutions has a 1 year low of $6.55 and a 1 year high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $359.34 million during the quarter, compared to analysts' expectations of $358.14 million. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. As a group, sell-side analysts expect that Hillman Solutions will post 0.58 EPS for the current year.

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.