Hillman Solutions Corp. (NASDAQ:HLMN) Stock Has Average Price Target of $12.67

Hillman Solutions Corp. (NASDAQ:HLMN) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.67.

HLMN has been the topic of a number of analyst reports. Jefferies Financial Group raised Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Barclays boosted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Raymond James Financial lowered shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Canaccord Genuity Group decreased their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $7.80 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 1.09 and a beta of 1.42. Hillman Solutions has a one year low of $6.66 and a one year high of $10.85. The business has a fifty day moving average price of $7.34 and a 200-day moving average price of $8.14.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. Sell-side analysts forecast that Hillman Solutions will post 0.60 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Robert Kraft acquired 35,500 shares of Hillman Solutions stock in a transaction dated Friday, September 11th. The stock was purchased at an average cost of $7.00 per share, with a total value of $248,500.00. Following the completion of the purchase, the chief financial officer directly owned 697,090 shares in the company, valued at approximately $4,879,630. This trade represents a 5.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total transaction of $99,687.50. Following the completion of the sale, the insider directly owned 58,855 shares of the company’s stock, valued at approximately $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently bought and sold shares of HLMN. Wealth Alliance LLC lifted its position in shares of Hillman Solutions by 4.7% during the 1st quarter. Wealth Alliance LLC now owns 38,726 shares of the company’s stock valued at $322,000 after buying an additional 1,733 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Hillman Solutions by 8.2% in the 2nd quarter. Central Pacific Bank Trust Division now owns 34,149 shares of the company’s stock valued at $288,000 after acquiring an additional 2,580 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Hillman Solutions in the 2nd quarter valued at $25,000. Sanctuary Advisors LLC increased its holdings in Hillman Solutions by 22.5% in the 1st quarter. Sanctuary Advisors LLC now owns 18,065 shares of the company’s stock worth $150,000 after acquiring an additional 3,317 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in Hillman Solutions by 3.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 106,760 shares of the company’s stock worth $746,000 after acquiring an additional 3,592 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.