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

Hillman Solutions Corp. (NASDAQ:HLMN) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $11.3333.

Several research firms have commented on HLMN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Canaccord Genuity Group lowered their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Benchmark reduced their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 20th.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. White Pine Capital LLC raised its stake in shares of Hillman Solutions by 1.1% during the 2nd quarter. White Pine Capital LLC now owns 95,358 shares of the company’s stock worth $681,000 after buying an additional 1,074 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Hillman Solutions by 3.8% in the fourth quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock valued at $260,000 after buying an additional 1,109 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Hillman Solutions by 8.0% in the second quarter. Bank of Montreal Can now owns 17,128 shares of the company’s stock valued at $122,000 after buying an additional 1,268 shares in the last quarter. Tectonic Advisors LLC grew its holdings in Hillman Solutions by 1.1% during the third quarter. Tectonic Advisors LLC now owns 118,022 shares of the company’s stock worth $1,083,000 after acquiring an additional 1,324 shares during the period. Finally, MQS Management LLC raised its position in Hillman Solutions by 11.1% in the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock worth $122,000 after acquiring an additional 1,406 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

Shares of HLMN opened at $8.14 on Monday. The stock has a 50 day moving average price of $9.35 and a 200 day moving average price of $9.27. Hillman Solutions has a 52-week low of $6.55 and a 52-week high of $10.85. The company has a quick ratio of 0.62, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 38.76 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $365.14 million for the quarter, compared to analyst estimates of $371.69 million. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. Hillman Solutions’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Research analysts predict that Hillman Solutions will post 0.58 EPS 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.