Hillman Solutions Corp (NASDAQ:HLMN) Receives $11.75 Average Target Price from Analysts

Hillman Solutions Corp (NASDAQ:HLMN) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.75.

Several research firms have weighed in on HLMN. Robert W. Baird upped their price target on Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Stifel Nicolaus restated a “buy” rating and issued a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, Director Aaron Jagdfeld sold 49,447 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total transaction of $447,000.88. Following the completion of the sale, the director now directly owns 197,031 shares of the company’s stock, valued at approximately $1,781,160.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

A number of large investors have recently modified their holdings of HLMN. Janney Montgomery Scott LLC increased its stake in Hillman Solutions by 35.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 29,198 shares of the company’s stock valued at $241,000 after purchasing an additional 7,588 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hillman Solutions by 24.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,912,749 shares of the company’s stock valued at $15,780,000 after purchasing an additional 371,929 shares in the last quarter. Deutsche Bank AG increased its stake in Hillman Solutions by 26.9% in the 3rd quarter. Deutsche Bank AG now owns 90,519 shares of the company’s stock valued at $747,000 after purchasing an additional 19,183 shares in the last quarter. Rhumbline Advisers increased its stake in Hillman Solutions by 14.5% in the 3rd quarter. Rhumbline Advisers now owns 296,829 shares of the company’s stock valued at $2,449,000 after purchasing an additional 37,609 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Hillman Solutions in the 3rd quarter valued at approximately $108,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Trading Up 0.6 %

Shares of NASDAQ:HLMN opened at $8.85 on Friday. The stock has a 50 day moving average of $9.25 and a 200 day moving average of $9.33. The company has a market cap of $1.73 billion, a PE ratio of -885.00 and a beta of 1.68. The company has a current ratio of 2.49, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65. Hillman Solutions has a 12-month low of $6.02 and a 12-month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 7.50% and a negative net margin of 0.13%. The company had revenue of $350.31 million during the quarter, compared to the consensus estimate of $354.47 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts expect that Hillman Solutions will post 0.46 EPS for the current year.

About Hillman Solutions

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.