Hillman Solutions Corp. (NASDAQ:HLMN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.50.

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

Institutional Trading of Hillman Solutions

Several large investors have recently added to or reduced their stakes in HLMN. BlackRock Inc. acquired a new position in shares of Hillman Solutions during the second quarter valued at approximately $125,138,000. Bank of Montreal Can boosted its stake 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 in the last quarter. UBS Group AG increased its position in shares of Hillman Solutions by 112.2% during the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after purchasing an additional 1,412,693 shares during the period. Reinhart Partners LLC. increased its position in shares of Hillman Solutions by 8.8% during the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after purchasing an additional 916,986 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hillman Solutions by 9.9% in the 1st 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 in the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN traded down $0.07 during trading on Monday, hitting $9.15. 104,939 shares of the company traded hands, compared to its average volume of 1,540,883. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 41.62, a PEG ratio of 1.29 and a beta of 1.39. The business’s fifty day moving average is $8.00 and its 200-day moving average is $8.35. Hillman Solutions has a one year low of $6.96 and a one year high of $10.85. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55.

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

About Hillman Solutions

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.