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

Hillman Solutions Corp. (NASDAQ:HLMN) has received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $12.6667.

A number of equities analysts recently commented on the stock. Jefferies Financial Group raised shares of Hillman Solutions to a “strong-buy” rating in a research note on Thursday. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Canaccord Genuity Group reduced their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Barclays upped 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.

Insider Transactions at Hillman Solutions

In other news, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the transaction, the insider owned 54,723 shares of the company’s stock, valued at $468,976.11. The trade was a 24.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the completion of the sale, the insider owned 58,855 shares of the company’s stock, valued at approximately $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLMN. BlackRock Inc. acquired a new position in Hillman Solutions during the second quarter valued at $125,138,000. Bank of Montreal Can lifted its holdings in Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after acquiring an additional 10,839,127 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Hillman Solutions during the 2nd quarter worth approximately $67,324,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hillman Solutions in the 2nd quarter valued at $30,105,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in Hillman Solutions during the second quarter valued at $15,874,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Down 4.1%

Shares of Hillman Solutions stock opened at $6.98 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.02 and a beta of 1.38. The firm’s 50-day moving average is $8.14 and its two-hundred day moving average is $8.07. Hillman Solutions has a 1 year low of $6.93 and a 1 year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 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 business had revenue of $442.25 million during the quarter, compared to analyst estimates of $433.67 million. As a group, research analysts expect that Hillman Solutions will post 0.6 earnings per share 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.