Brokerages Set Hillman Solutions Corp (NASDAQ:HLMN) PT at $11.92

Hillman Solutions Corp (NASDAQ:HLMN) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $11.92.

HLMN has been the topic of a number of recent research reports. Barclays upped their target price on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Benchmark reissued a “buy” rating and issued a $13.00 price target on shares of Hillman Solutions in a report on Thursday, August 8th.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $9.57 on Thursday. The business’s 50 day moving average price is $9.49 and its 200 day moving average price is $9.52. The firm has a market cap of $1.88 billion, a P/E ratio of -957.00 and a beta of 1.66. Hillman Solutions has a 52 week low of $6.02 and a 52 week high of $10.85. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $379.43 million for the quarter, compared to analyst estimates of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, sell-side analysts expect that Hillman Solutions will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $257,000. Algert Global LLC acquired a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $334,000. The Manufacturers Life Insurance Company raised its stake in shares of Hillman Solutions by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after buying an additional 4,581 shares during the period. MBB Public Markets I LLC acquired a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $133,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $175,000. 98.11% of the stock is owned by institutional investors and hedge funds.

About Hillman Solutions

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.