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

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.00.

A number of research firms recently issued reports on HLMN. Benchmark restated a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. Baird R W downgraded shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 16th. Raymond James set a $10.00 target price on shares of Hillman Solutions and gave the company an “outperform” rating in a report on Wednesday, April 30th. Robert W. Baird decreased their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Finally, Barclays decreased their price objective on shares of Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th.

Insider Activity

In other news, CFO Robert O. Kraft bought 140,000 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the purchase, the chief financial officer now owns 632,752 shares of the company’s stock, valued at $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after purchasing an additional 509,016 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of Hillman Solutions in the fourth quarter valued at $17,290,000. Barclays PLC boosted its stake in shares of Hillman Solutions by 11.2% in the fourth quarter. Barclays PLC now owns 339,733 shares of the company’s stock valued at $3,309,000 after purchasing an additional 34,265 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Hillman Solutions by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company’s stock valued at $24,244,000 after purchasing an additional 73,216 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Hillman Solutions in the fourth quarter valued at $675,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $6.86 on Friday. The firm has a 50 day simple moving average of $7.54 and a 200-day simple moving average of $9.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The firm has a market cap of $1.35 billion, a PE ratio of 85.76 and a beta of 1.68. Hillman Solutions has a 1-year low of $6.64 and a 1-year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Hillman Solutions’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts expect that Hillman Solutions will post 0.58 EPS for the current year.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.