Hillman Solutions Corp. (NASDAQ:HLMN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Hillman Solutions Corp. (NASDAQ:HLMN) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $11.3333.

Several equities research analysts have recently commented on HLMN shares. Canaccord Genuity Group decreased their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Benchmark dropped their price objective on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Finally, Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday.

Hillman Solutions Stock Performance

Shares of HLMN opened at $8.14 on Monday. The company has a quick ratio of 0.62, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. Hillman Solutions has a 52-week low of $6.55 and a 52-week high of $10.85. The company has a 50-day simple moving average of $9.35 and a 200-day simple moving average of $9.27. The company has a market capitalization of $1.60 billion, a PE ratio of 38.76 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The firm had revenue of $365.14 million for the quarter, compared to the consensus estimate of $371.69 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Hillman Solutions by 106.3% during the 3rd quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after buying an additional 1,773 shares during the period. Kestra Advisory Services LLC purchased a new position in Hillman Solutions in the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC acquired a new stake in Hillman Solutions in the fourth quarter valued at approximately $37,000. Brown Brothers Harriman & Co. purchased a new position in shares of Hillman Solutions in the third quarter valued at $59,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Hillman Solutions during the third quarter valued at about $63,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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.