Hillman Solutions (NASDAQ:HLMN) Price Target Raised to $11.00 at Robert W. Baird

Hillman Solutions (NASDAQ:HLMN - Get Free Report) had its price objective hoisted by equities researchers at Robert W. Baird from $10.00 to $11.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 14.70% from the stock's previous close.

Several other research firms have also issued reports on HLMN. Barclays lifted their price target on Hillman Solutions from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Monday, February 26th. Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.54.

Hillman Solutions Stock Up 0.1 %

NASDAQ HLMN traded up $0.01 during trading hours on Wednesday, reaching $9.59. 1,209,168 shares of the company's stock traded hands, compared to its average volume of 929,648. Hillman Solutions has a 52-week low of $6.02 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. The firm has a 50-day simple moving average of $9.91 and a 200 day simple moving average of $8.84. The firm has a market cap of $1.87 billion, a PE ratio of -189.96 and a beta of 1.73.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The firm had revenue of $350.31 million during the quarter, compared to analyst estimates of $354.47 million. During the same period last year, the business earned $0.06 earnings per share. The business's revenue was up .2% on a year-over-year basis. Sell-side analysts anticipate that Hillman Solutions will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John W. Swygert sold 7,207 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total value of $70,196.18. Following the transaction, the director now owns 24,999 shares in the company, valued at approximately $243,490.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John W. Swygert sold 7,207 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total transaction of $70,196.18. Following the completion of the sale, the director now owns 24,999 shares of the company's stock, valued at approximately $243,490.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gary Seeds sold 163,975 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total value of $1,562,681.75. Following the completion of the transaction, the executive vice president now directly owns 294,722 shares in the company, valued at $2,808,700.66. The disclosure for this sale can be found here. Insiders sold 618,658 shares of company stock valued at $5,958,077 over the last 90 days. Company insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Hillman Solutions

A number of hedge funds have recently modified their holdings of HLMN. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Hillman Solutions during the 1st quarter valued at $46,000. AXQ Capital LP bought a new position in Hillman Solutions in the 3rd quarter valued at $103,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Hillman Solutions in the third quarter worth $108,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Hillman Solutions by 22.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,310 shares of the company's stock worth $110,000 after purchasing an additional 2,407 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Hillman Solutions during the third quarter valued at $129,000. 98.11% of the stock is currently 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.