Hillman Solutions Corp. (NASDAQ:HLMN) Receives Average Recommendation of “Hold” from Analysts

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.50.

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

Hillman Solutions Trading Down 1.9%

Shares of NASDAQ:HLMN opened at $7.83 on Wednesday. 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 $1.54 billion, a price-to-earnings ratio of 41.21, a PEG ratio of 1.11 and a beta of 1.42. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $7.91 and a 200-day moving average price of $8.61.

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 the consensus estimate of $0.08 by ($0.01). Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The firm had revenue of $370.07 million during the quarter, compared to analysts’ expectations of $371.73 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts predict that Hillman Solutions will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter valued at about $33,000. Los Angeles Capital Management LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter valued at about $37,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Hillman Solutions during the 3rd quarter valued at about $59,000. Advisory Services Network LLC acquired a new stake in shares of Hillman Solutions during the 3rd quarter valued at about $63,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter valued at about $74,000. 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.