Hillman Solutions Corp (NASDAQ:HLMN) Given Average Rating of "Moderate Buy" by Analysts

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.63.

HLMN has been the subject of a number of analyst reports. Barclays increased their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Monday, February 26th. Canaccord Genuity Group increased their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. TheStreet upgraded shares of Hillman Solutions from a "d+" rating to a "c-" rating in a report on Friday, December 22nd. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $16.00 target price (up from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st.

Insiders Place Their Bets

In other Hillman Solutions news, Director John W. Swygert sold 7,207 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total value of $70,196.18. Following the completion of the sale, the director now directly owns 24,999 shares in the company, valued at $243,490.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hillman Solutions news, EVP Gary Seeds sold 163,975 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the completion of the transaction, the executive vice president now owns 294,722 shares of the company's stock, valued at $2,808,700.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Swygert sold 7,207 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 24,999 shares of the company's stock, valued at approximately $243,490.26. The disclosure for this sale can be found here. Insiders sold 618,658 shares of company stock worth $5,958,077 over the last three months. Company insiders own 4.10% of the company's stock.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Hillman Solutions by 50.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,922,967 shares of the company's stock worth $142,491,000 after purchasing an additional 5,643,162 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in Hillman Solutions in the third quarter worth approximately $33,131,000. Vanguard Group Inc. boosted its holdings in Hillman Solutions by 86.8% in the first quarter. Vanguard Group Inc. now owns 8,783,728 shares of the company's stock worth $104,350,000 after purchasing an additional 4,080,908 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Hillman Solutions by 4,723.4% in the first quarter. Wellington Management Group LLP now owns 2,317,766 shares of the company's stock worth $19,516,000 after purchasing an additional 2,269,713 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Hillman Solutions by 22.9% in the second quarter. BlackRock Inc. now owns 11,706,112 shares of the company's stock worth $105,472,000 after purchasing an additional 2,181,554 shares during the last quarter. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Trading Up 1.1 %

NASDAQ HLMN traded up $0.11 during trading on Monday, hitting $10.37. 453,847 shares of the company's stock traded hands, compared to its average volume of 940,516. The stock has a fifty day moving average of $9.64 and a two-hundred day moving average of $8.56. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. Hillman Solutions has a 12-month low of $6.02 and a 12-month high of $10.85. The firm has a market cap of $2.02 billion, a P/E ratio of -207.40 and a beta of 1.72.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. 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 business had revenue of $347.81 million during the quarter, compared to analyst estimates of $344.98 million. During the same period in the prior year, the business posted $0.05 earnings per share. The company's revenue was down .8% on a year-over-year basis. As a group, sell-side analysts expect that Hillman Solutions will post 0.49 EPS for the current year.

Hillman Solutions Company Profile

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.