Analysts Set Hillman Solutions Corp (NASDAQ:HLMN) Price Target at $11.00

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) have received a consensus rating of "Hold" from the seven ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.00.

A number of research analysts recently weighed in on the stock. Raymond James 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. Barclays lowered 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 research note on Tuesday, April 8th. Robert W. Baird lowered their price target 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. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th.

Hillman Solutions Price Performance

Shares of HLMN traded down $0.04 during trading hours on Tuesday, reaching $8.06. The stock had a trading volume of 740,507 shares, compared to its average volume of 1,061,165. Hillman Solutions has a 12 month low of $6.64 and a 12 month high of $12.08. The stock has a market capitalization of $1.59 billion, a PE ratio of 100.76 and a beta of 1.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The company's 50-day moving average is $8.09 and its two-hundred day moving average is $9.55.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. Research analysts expect that Hillman Solutions will post 0.58 EPS for the current year.

Insider Activity at Hillman Solutions

In related news, CFO Robert O. Kraft purchased 140,000 shares of Hillman Solutions stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the transaction, the chief financial officer now directly owns 632,752 shares of the company's stock, valued at $4,486,211.68. This represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. purchased a new stake in Hillman Solutions in the fourth quarter worth about $25,000. R Squared Ltd bought a new stake in shares of Hillman Solutions during the 4th quarter valued at $32,000. KBC Group NV bought a new stake in shares of Hillman Solutions during the 1st quarter valued at $35,000. Sterling Capital Management LLC raised its position in shares of 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 period. Finally, Lazard Asset Management LLC grew its stake in 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. Hedge funds and other institutional investors own 98.11% of the company's stock.

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.