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

Key Points

• Hillman Solutions Corp. has received a consensus rating of "Moderate Buy" from eight brokerages, with a twelve-month price objective averaging $10.75.
• The company's stock price opened at $8.07, with a 12-month range from $6.55 to $12.08, reflecting a market cap of $1.59 billion.
• CFO Robert O. Kraft significantly increased his stake by purchasing 140,000 shares at $7.09 each, marking a 28.41% increase in ownership.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.75.

A number of research firms recently issued reports on HLMN. Raymond James Financial set a $10.00 target price on Hillman Solutions and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Wall Street Zen raised Hillman Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays lowered their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus began coverage on Hillman Solutions in a research report on Monday, July 14th. They issued a "buy" rating and a $9.50 target price on the stock. Finally, Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th.

Hillman Solutions Trading Up 0.1%

HLMN stock traded up $0.01 during midday trading on Friday, hitting $8.07. 268,470 shares of the company's stock were exchanged, compared to its average volume of 1,377,583. The stock's fifty day moving average price is $7.43 and its 200-day moving average price is $8.41. 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 company has a market cap of $1.59 billion, a PE ratio of 89.61 and a beta of 1.65. Hillman Solutions has a one year low of $6.55 and a one year high of $12.08.

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

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, CFO Robert O. Kraft acquired 140,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was purchased at an average cost of $7.09 per share, with a total value of $992,600.00. Following the transaction, the chief financial officer owned 632,752 shares in the company, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.90% of the company's stock.

Institutional Trading of Hillman Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in Hillman Solutions during the 4th quarter valued at about $25,000. KBC Group NV acquired a new position in Hillman Solutions during the 1st quarter valued at about $35,000. Sterling Capital Management LLC boosted its stake in Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after purchasing an additional 4,572 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Hillman Solutions by 1,911.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after purchasing an additional 6,193 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Hillman Solutions during the 4th quarter valued at about $79,000. 98.11% of the stock is owned by institutional investors.

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.