Hillman Solutions Corp. (NASDAQ:HLMN) Stock Has Consensus Price Target of $12.67

Hillman Solutions Corp. (NASDAQ:HLMN) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.67.

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group decreased their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Barclays boosted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Raymond James Financial cut Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Finally, Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th.

Insider Buying and Selling

In other Hillman Solutions news, CFO Robert O. Kraft acquired 35,500 shares of the business’s stock in a transaction on Friday, September 11th. The stock was bought at an average price of $7.00 per share, for a total transaction of $248,500.00. Following the acquisition, the chief financial officer owned 697,090 shares in the company, valued at approximately $4,879,630. The trade was a 5.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Amanda Kitzberger sold 13,750 shares of Hillman Solutions stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total value of $99,687.50. Following the transaction, the insider owned 58,855 shares in the company, valued at approximately $426,698.75. The trade was a 18.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Hillman Solutions during the second quarter worth $25,000. Public Employees Retirement System of Ohio bought a new position in shares of Hillman Solutions during the second quarter worth about $42,000. Avidian Wealth Enterprises LLC bought a new position in Hillman Solutions during the 3rd quarter worth approximately $73,000. Diversified Management Inc. bought a new position in Hillman Solutions during the third quarter worth $78,000. Finally, NewEdge Wealth LLC bought a new position in shares of Hillman Solutions in the 2nd quarter worth about $88,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of HLMN opened at $7.11 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. Hillman Solutions has a twelve month low of $6.66 and a twelve month high of $10.85. The company has a 50 day moving average of $7.75 and a two-hundred day moving average of $7.90.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The firm had revenue of $442.25 million for the quarter, compared to the consensus estimate of $433.67 million. As a group, analysts predict that Hillman Solutions will post 0.60 earnings per share for the current fiscal year.

About Hillman Solutions

Hillman Solutions Corp. (NASDAQ: HLMN) is a provider of hardware products and related services for home improvement retailers, mass merchants, and other retail customers. The company supplies products used in home repair, maintenance, security, identification, and organization.

Its product portfolio includes residential, automotive, and commercial keys; key duplication and kiosk services through its MinuteKey business; fasteners; picture-hanging and home organization products; engravable tags; builder’s hardware; and other small hardware items.