Hillman Solutions (NASDAQ:HLMN) Price Target Cut to $10.00 by Analysts at Barclays

Hillman Solutions (NASDAQ:HLMN) had its price target lowered by analysts at Barclays from $11.00 to $10.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 17.86% from the company’s current price.

Several other research firms have also weighed in on HLMN. Canaccord Genuity Group lowered their price target on Hillman Solutions from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research note on Thursday, September 10th. Weiss Ratings raised shares of Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 29th. Finally, Raymond James Financial lowered shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Hillman Solutions Trading Down 3.4%

Shares of HLMN traded down $0.29 during trading hours on Thursday, reaching $8.48. The stock had a trading volume of 1,792,053 shares, compared to its average volume of 1,599,525. The company has a market cap of $1.65 billion, a P/E ratio of 65.19, a P/E/G ratio of 1.17 and a beta of 1.48. Hillman Solutions has a 52 week low of $6.66 and a 52 week 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. The firm has a 50-day moving average of $7.35 and a 200 day moving average of $8.12.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $457.49 million for the quarter, compared to analyst estimates of $462.10 million. Hillman Solutions had a net margin of 1.48% and a return on equity of 9.05%. On average, sell-side analysts expect that Hillman Solutions will post 0.60 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In other news, insider Aaron Parker sold 17,381 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the transaction, the insider owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. The trade was a 24.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert Kraft acquired 35,500 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $7.00 per share, with a total value of $248,500.00. Following the completion of the transaction, the chief financial officer owned 697,090 shares in the company, valued at $4,879,630. The trade was a 5.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 5.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HLMN. Riverbridge Partners LLC boosted its stake in shares of Hillman Solutions by 2.3% in the 3rd quarter. Riverbridge Partners LLC now owns 1,231,137 shares of the company’s stock valued at $8,606,000 after purchasing an additional 28,145 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Hillman Solutions during the 3rd quarter valued at approximately $174,000. CenterBook Partners LP acquired a new position in Hillman Solutions during the 3rd quarter worth approximately $263,000. Commonwealth Equity Services LLC acquired a new position in Hillman Solutions during the 3rd quarter worth approximately $136,000. Finally, Chicago Partners Investment Group LLC bought a new position in Hillman Solutions in the 3rd quarter valued at approximately $122,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.