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

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) have received an average rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $11.00.

Several equities research analysts have recently issued reports on HLMN shares. Benchmark restated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Robert W. Baird decreased their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Barclays lowered their price target 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.

Hillman Solutions Stock Up 0.9%

NASDAQ:HLMN traded up $0.07 during trading hours on Friday, hitting $7.51. 787,640 shares of the company's stock traded hands, compared to its average volume of 1,091,422. The stock's fifty day moving average price is $7.57 and its two-hundred day moving average price is $9.14. The firm has a market cap of $1.48 billion, a P/E ratio of 93.89 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions has a twelve month low of $6.64 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $359.34 million for 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 firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. On average, research analysts expect that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Insider Activity

In other Hillman Solutions news, CFO Robert O. Kraft purchased 140,000 shares of the stock in a transaction on Thursday, May 1st. The shares were purchased 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 now directly owns 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 Securities & Exchange Commission, which is accessible through the SEC website. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds have recently added to or reduced their stakes in HLMN. Federated Hermes Inc. acquired a new position in shares of Hillman Solutions in the fourth quarter valued at $25,000. KBC Group NV acquired a new stake in shares of Hillman Solutions during the 1st quarter worth about $35,000. Sterling Capital Management LLC boosted its holdings 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 worth $50,000 after buying an additional 4,572 shares during the period. Lazard Asset Management LLC grew its stake in Hillman Solutions by 1,911.4% in the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after buying an additional 6,193 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Hillman Solutions by 1,337.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after buying an additional 6,500 shares during the last quarter. Institutional investors and hedge funds 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.