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

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $12.00.

A number of research firms have recently commented on HLMN. Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 29th. Jefferies Financial Group raised Hillman Solutions to a “strong-buy” rating in a research note on Thursday, September 10th. Barclays dropped their price target on shares of Hillman Solutions from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday. Raymond James Financial lowered Hillman Solutions from an “outperform” rating to a “hold” rating in a research note on Thursday, October 1st. Finally, Canaccord Genuity Group lowered their price objective on shares of Hillman Solutions from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday.

Hillman Solutions Stock Down 2.5%

Shares of HLMN opened at $8.32 on Friday. 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 stock’s 50-day moving average price is $7.37 and its 200-day moving average price is $8.11. Hillman Solutions has a 52 week low of $6.66 and a 52 week high of $10.85. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 64.00, a PEG ratio of 1.18 and a beta of 1.48.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $457.49 million during the quarter, compared to analysts’ expectations of $462.10 million. Hillman Solutions had a return on equity of 9.05% and a net margin of 1.48%. On average, sell-side analysts predict that Hillman Solutions will post 0.58 EPS for the current year.

Insider Activity

In other Hillman Solutions news, insider Amanda Kitzberger sold 13,750 shares of the firm’s 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 sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aaron Parker sold 17,381 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the sale, the insider owned 54,723 shares of the company’s stock, valued at $468,976.11. This represents a 24.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Hillman Solutions during the 2nd quarter worth approximately $125,138,000. Dimensional Fund Advisors LP grew its position in Hillman Solutions by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after buying an additional 870,216 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Hillman Solutions in the second quarter valued at $67,324,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hillman Solutions during the 2nd quarter worth approximately $30,105,000. Finally, Anchor Capital Management Company LLC lifted its position in shares of Hillman Solutions by 33.1% in the first quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock valued at $21,095,000 after acquiring an additional 630,000 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.