Hillman Solutions Corp. (NASDAQ:HLMN) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Hillman Solutions has a consensus “Hold” rating from five brokerages, with three buys, one hold and one sell. The average 12-month price target is $12.50 versus the stock’s recent price of $9.15.
• Analyst views were mixed: Barclays raised its target to $11 while maintaining an equal-weight rating, and Canaccord lowered its target to $13 but kept a buy rating. Wall Street Zen downgraded the shares to hold.
• Hillman matched quarterly EPS expectations at $0.17 and exceeded revenue estimates, reporting $442.25 million versus the $433.67 million consensus. Institutional investors own approximately 98.11% of the company’s stock.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) has been given a consensus recommendation of "Hold" by the five research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.50.

Several equities research analysts have recently weighed in on HLMN shares. Barclays increased their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday. Wall Street Zen downgraded shares of Hillman Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Canaccord Genuity Group lowered their price objective on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th.

Hedge Funds Weigh In On Hillman Solutions

Large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new position in shares of Hillman Solutions in the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC acquired a new position in Hillman Solutions in the fourth quarter worth $37,000. Brown Brothers Harriman & Co. acquired a new position in Hillman Solutions in the third quarter worth $59,000. Advisory Services Network LLC acquired a new stake in shares of Hillman Solutions during the third quarter worth $63,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Hillman Solutions during the fourth quarter worth $74,000. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock traded down $0.07 during trading hours on Monday, reaching $9.15. 104,939 shares of the company's stock were exchanged, compared to its average volume of 1,540,883. Hillman Solutions has a 1 year low of $6.96 and a 1 year high of $10.85. The company has a market capitalization of $1.80 billion, a P/E ratio of 41.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39. The business has a fifty day moving average of $8.00 and a two-hundred day moving average of $8.35. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $442.25 million during the quarter, compared to analysts' expectations of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. As a group, research analysts predict that Hillman Solutions will post 0.6 earnings per share for the current fiscal year.

Hillman Solutions Company Profile

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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