Hillman Solutions Corp (NASDAQ:HLMN) Given Average Rating of “Buy” by Brokerages

Hillman Solutions Corp (NASDAQ:HLMNGet Rating) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.21.

Several research firms have commented on HLMN. Raymond James decreased their price target on shares of Hillman Solutions from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays dropped their price target on shares of Hillman Solutions from $15.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th.

Insiders Place Their Bets

In other news, Director Leary Dan O bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $10.45 per share, with a total value of $104,500.00. Following the completion of the acquisition, the director now directly owns 17,207 shares of the company’s stock, valued at approximately $179,813.15. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Hillman Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in HLMN. Russell Investments Group Ltd. boosted its stake in Hillman Solutions by 1,418.3% during the fourth quarter. Russell Investments Group Ltd. now owns 467,616 shares of the company’s stock worth $5,025,000 after buying an additional 436,817 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Hillman Solutions in the 4th quarter valued at $22,886,000. CWM LLC purchased a new stake in shares of Hillman Solutions in the 4th quarter valued at $83,000. Qube Research & Technologies Ltd purchased a new stake in Hillman Solutions during the 4th quarter worth about $385,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Hillman Solutions during the 4th quarter worth about $156,000.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $9.26 on Friday. Hillman Solutions has a 1-year low of $8.01 and a 1-year high of $13.46. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -4.68 and a beta of 1.45. The firm’s fifty day moving average price is $9.85 and its two-hundred day moving average price is $10.24. The company has a current ratio of 2.48, a quick ratio of 0.57 and a debt-to-equity ratio of 0.80.

Hillman Solutions (NASDAQ:HLMNGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $394.11 million for the quarter, compared to analysts’ expectations of $404.85 million. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. On average, equities research analysts predict that Hillman Solutions will post 0.26 earnings per share for the current fiscal year.

About Hillman Solutions

(Get Rating)

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.

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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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