Hillman Solutions Corp (NASDAQ:HLMN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.63.

Several research analysts have weighed in on HLMN shares. 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 research note on Monday, February 26th. Canaccord Genuity Group lifted their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st.

Hillman Solutions Stock Down 4.3 %

Shares of NASDAQ HLMN opened at $9.58 on Friday. Hillman Solutions has a 1 year low of $6.02 and a 1 year high of $10.85. The company has a market capitalization of $1.87 billion, a P/E ratio of -190.96 and a beta of 1.73. The company has a 50 day simple moving average of $9.92 and a 200-day simple moving average of $8.82. 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 (NASDAQ:HLMN) last posted its earnings results on Thursday, February 22nd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $347.81 million for the quarter, compared to the consensus estimate of $344.98 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities research analysts predict that Hillman Solutions will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In other Hillman Solutions news, 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 value of $70,196.18. Following the completion of the transaction, the director now owns 24,999 shares of the company’s stock, valued at approximately $243,490.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Hillman Solutions news, Director John W. Swygert sold 7,207 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total value of $70,196.18. Following the sale, the director now owns 24,999 shares of the company’s stock, valued at approximately $243,490.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jon Michael Adinolfi sold 110,000 shares of Hillman Solutions stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $9.81, for a total value of $1,079,100.00. Following the completion of the transaction, the chief operating officer now owns 659,889 shares of the company’s stock, valued at approximately $6,473,511.09. The disclosure for this sale can be found here. Insiders have sold a total of 618,658 shares of company stock valued at $5,958,077 in the last ninety days. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLMN. Anchor Capital Advisors LLC lifted its holdings in Hillman Solutions by 2.1% during the 1st quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company’s stock worth $1,576,000 after buying an additional 3,037 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hillman Solutions during the 1st quarter worth about $153,000. Envestnet Portfolio Solutions Inc. acquired a new position in Hillman Solutions in the first quarter valued at approximately $143,000. Capstone Investment Advisors LLC increased its stake in Hillman Solutions by 23.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company’s stock valued at $228,000 after purchasing an additional 4,004 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Hillman Solutions by 29.4% during the first quarter. Janney Montgomery Scott LLC now owns 44,170 shares of the company’s stock worth $470,000 after purchasing an additional 10,036 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.