Hillman Solutions (NASDAQ:HLMN) Price Target Raised to $11.00

Hillman Solutions (NASDAQ:HLMN) had its target price increased by Barclays from $10.00 to $11.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also recently commented on HLMN. Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Canaccord Genuity Group reduced their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hillman Solutions currently has a consensus rating of “Hold” and an average target price of $12.50.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $8.91 on Monday. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.75 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.39. The company has a 50 day moving average of $8.10 and a 200-day moving average of $8.33. Hillman Solutions has a 1-year low of $6.96 and a 1-year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. As a group, equities research analysts forecast that Hillman Solutions will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter valued at $33,000. Los Angeles Capital Management LLC bought a new position in Hillman Solutions in the fourth quarter valued at about $37,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Hillman Solutions during the third quarter valued at about $59,000. Advisory Services Network LLC acquired a new stake in shares of Hillman Solutions during the third quarter valued at about $63,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Hillman Solutions during the fourth quarter valued at about $74,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

About Hillman Solutions

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.