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

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have received an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.50.

HLMN has been the topic of several recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 price target on shares of Hillman Solutions in a research note on Tuesday, March 24th. Weiss Ratings lowered Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Finally, Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $7.78 on Wednesday. The stock’s fifty day simple moving average is $7.86 and its 200 day simple moving average is $8.58. 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 $1.53 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 1.10 and a beta of 1.42. Hillman Solutions has a one year low of $6.75 and a one year high of $10.85.

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

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Reinhart Partners LLC. boosted its stake in Hillman Solutions by 8.8% in the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after purchasing an additional 916,986 shares in the last quarter. Bank of Montreal Can boosted its stake in Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after purchasing an additional 10,839,127 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hillman Solutions by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after purchasing an additional 870,216 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in Hillman Solutions by 4.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock worth $49,487,000 after purchasing an additional 230,580 shares in the last quarter. Finally, State Street Corp boosted its stake in Hillman Solutions by 0.7% in the fourth quarter. State Street Corp now owns 4,313,518 shares of the company’s stock worth $37,355,000 after purchasing an additional 28,735 shares in the last quarter. Institutional investors and hedge funds 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.