Hillman Solutions Corp. (NASDAQ:HLMN) Receives $11.83 Average PT from Analysts

Hillman Solutions Corp. (NASDAQ:HLMN) has earned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.8333.

Several brokerages have weighed in on HLMN. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 price target on shares of Hillman Solutions in a report on Monday, November 24th. Wall Street Zen cut shares of Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus boosted their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a report on Tuesday, October 14th.

Institutional Trading of Hillman Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLMN. CWM LLC grew its stake in Hillman Solutions by 106.3% during the 3rd quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Hillman Solutions during the third quarter worth about $59,000. Advisory Services Network LLC purchased a new stake in Hillman Solutions in the third quarter valued at approximately $63,000. QRG Capital Management Inc. acquired a new position in Hillman Solutions in the 3rd quarter worth approximately $95,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Hillman Solutions during the 3rd quarter worth approximately $96,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $9.09 on Wednesday. The firm’s fifty day simple moving average is $8.94 and its two-hundred day simple moving average is $8.80. The firm has a market capitalization of $1.79 billion, a P/E ratio of 47.84 and a beta of 1.65. The company has a current ratio of 2.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. Hillman Solutions has a 12-month low of $6.55 and a 12-month high of $10.64.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Hillman Solutions had a return on equity of 9.71% and a net margin of 2.44%.The firm had revenue of $424.94 million during the quarter, compared to analysts’ expectations of $425.00 million. Analysts forecast that Hillman Solutions will post 0.58 EPS 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.