Brokerages Set Hillman Solutions Corp. (NASDAQ:HLMN) Target Price at $12.50

Hillman Solutions Corp. (NASDAQ:HLMN) has received an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $12.50.

A number of research firms recently issued reports on HLMN. Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Barclays upped their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Canaccord Genuity Group cut their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently bought and sold shares of HLMN. BlackRock Inc. bought a new position in Hillman Solutions in the second quarter valued at approximately $125,138,000. Reinhart Partners LLC. grew its position in shares of Hillman Solutions by 8.8% in the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after buying an additional 916,986 shares during the last quarter. Bank of Montreal Can increased its position in Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after purchasing an additional 10,839,127 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Hillman Solutions by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after buying an additional 870,216 shares during the period. Finally, Conestoga Capital Advisors LLC raised its position in shares of Hillman Solutions by 4.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock worth $49,487,000 after acquiring an additional 230,580 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

NASDAQ:HLMN opened at $8.70 on Monday. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $8.16 and a two-hundred day moving average price of $8.32. Hillman Solutions has a 1 year low of $6.96 and a 1 year high of $10.85. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 1.22 and a beta of 1.39.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The business had revenue of $442.25 million during the quarter, compared to analysts’ expectations of $433.67 million. As a group, equities analysts expect that Hillman Solutions will post 0.6 earnings per share for the current 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.