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

Hillman Solutions Corp. (NASDAQ:HLMN) has earned an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.50.

HLMN has been the topic of a number of recent research reports. Benchmark dropped their price objective on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. 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. Finally, Weiss Ratings downgraded Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th.

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors have recently added to or reduced their stakes in HLMN. Bank of Montreal Can raised its stake in shares of Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after purchasing an additional 10,839,127 shares during the last quarter. UBS Group AG raised its stake in shares of Hillman Solutions by 112.2% in the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock worth $23,134,000 after purchasing an additional 1,412,693 shares during the last quarter. Reinhart Partners LLC. raised its stake in shares of Hillman Solutions by 8.8% in the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after purchasing an additional 916,986 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hillman Solutions by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after purchasing an additional 870,216 shares during the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in shares of Hillman Solutions in the third quarter worth about $7,364,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $7.83 on Wednesday. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $10.85. The stock’s 50-day moving average is $7.91 and its 200 day moving average is $8.61. The company has a market cap of $1.54 billion, a P/E ratio of 41.21, a PEG ratio of 1.11 and a beta of 1.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.82.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.07 earnings per share 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 company had revenue of $370.07 million for the quarter, compared to the consensus estimate of $371.73 million. During the same period in the previous year, the business earned $0.10 EPS. Hillman Solutions’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict 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.