Hillman Solutions Corp. (NASDAQ:HLMN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have been given a consensus rating of “Hold” by the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.50.

Several analysts have recently issued reports on the stock. Benchmark reduced their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of Hillman Solutions in a research report on Tuesday, March 24th.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $7.51 on Friday. Hillman Solutions has a 1 year low of $6.55 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.82. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 1.03 and a beta of 1.47. The company has a fifty day moving average price of $8.08 and a 200-day moving average price of $8.71.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The firm had revenue of $370.07 million during the quarter, compared to the consensus estimate of $371.73 million. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts predict that Hillman Solutions will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Amanda Kitzberger sold 11,804 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the transaction, the insider owned 72,605 shares in the company, valued at approximately $601,895.45. This represents a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Reinhart Partners LLC. grew its position in Hillman Solutions by 8.8% during the fourth 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 period. Bank of Montreal Can grew its position in Hillman Solutions by 71,052.9% during the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after buying an additional 10,839,127 shares during the period. Dimensional Fund Advisors LP grew its position in Hillman Solutions by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after buying an additional 870,216 shares during the period. Conestoga Capital Advisors LLC grew its position in Hillman Solutions by 4.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock valued at $49,487,000 after buying an additional 230,580 shares during the period. Finally, State Street Corp grew its position in Hillman Solutions by 0.7% during the fourth quarter. State Street Corp now owns 4,313,518 shares of the company’s stock valued at $37,355,000 after buying an additional 28,735 shares during the period. Institutional investors own 98.11% of the company’s stock.

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.