Benchmark Cuts Hillman Solutions (NASDAQ:HLMN) Price Target to $14.00

Hillman Solutions (NASDAQ:HLMN) had its target price decreased by research analysts at Benchmark from $15.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price would suggest a potential upside of 54.44% from the stock’s current price.

A number of other research firms have also commented on HLMN. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Wall Street Zen upgraded Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Finally, Canaccord Genuity Group lowered their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.33.

Hillman Solutions Stock Performance

NASDAQ:HLMN traded up $0.32 during trading on Friday, reaching $9.07. The company’s stock had a trading volume of 1,002,356 shares, compared to its average volume of 1,459,507. Hillman Solutions has a 12 month low of $6.55 and a 12 month high of $10.85. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 43.12 and a beta of 1.65. The firm has a 50 day moving average of $9.50 and a 200-day moving average of $9.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 2.51.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share 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 company had revenue of $365.14 million for the quarter, compared to the consensus estimate of $371.69 million. During the same period in the previous year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts expect that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors have recently bought and sold shares of HLMN. Reinhart Partners LLC. increased its holdings in Hillman Solutions by 8.8% during the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after purchasing an additional 916,986 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Hillman Solutions by 18.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock worth $79,986,000 after buying an additional 1,712,688 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Hillman Solutions by 71,052.9% during the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after buying an additional 10,839,127 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hillman Solutions by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,788,859 shares of the company’s stock valued at $76,114,000 after acquiring an additional 310,732 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Hillman Solutions by 65.9% during the second quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock valued at $53,408,000 after acquiring an additional 2,972,293 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

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.