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

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have been given a consensus rating of “Hold” by the five brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.50.

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Benchmark dropped their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 target price on shares of Hillman Solutions in a research report on Tuesday, March 24th.

Insider Activity

In related news, insider Amanda Kitzberger sold 11,804 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the sale, the insider owned 72,605 shares in the company, valued at $601,895.45. This trade represents a 13.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter worth about $33,000. Los Angeles Capital Management LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter worth about $37,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Hillman Solutions during the 3rd quarter worth about $59,000. Advisory Services Network LLC acquired a new stake in shares of Hillman Solutions during the 3rd quarter worth about $63,000. Finally, Quadrant Capital Group LLC bought a new stake in Hillman Solutions during the 4th quarter worth about $74,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Trading Down 0.8%

Shares of HLMN stock opened at $7.46 on Friday. Hillman Solutions has a 52-week low of $6.55 and a 52-week high of $10.85. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 39.27, a P/E/G ratio of 1.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 2.95. The firm has a fifty day moving average of $8.06 and a 200-day moving average of $8.69.

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

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.