Brokerages Set Hillman Solutions Corp. (NASDAQ:HLMN) Target Price at $12.67

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.6667.

Several equities research analysts recently issued reports on the stock. 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 report on Wednesday, July 1st. Jefferies Financial Group raised shares of Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Finally, Barclays raised their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $7.18 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of 32.64, a P/E/G ratio of 1.03 and a beta of 1.38. The business has a fifty day simple moving average of $8.07 and a 200-day simple moving average of $8.02. Hillman Solutions has a 52 week low of $6.91 and a 52 week high of $10.85. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $442.25 million for the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. Equities research analysts forecast that Hillman Solutions will post 0.6 EPS for the current year.

Insiders Place Their Bets

In other news, insider Amanda Kitzberger sold 13,750 shares of Hillman Solutions stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the sale, the insider owned 58,855 shares in the company, valued at $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O. Kraft bought 35,500 shares of Hillman Solutions stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of $7.00 per share, for a total transaction of $248,500.00. Following the completion of the transaction, the chief financial officer owned 697,090 shares of the company’s stock, valued at approximately $4,879,630. This represents a 5.37% increase in their position. The SEC filing for this purchase provides additional information. 5.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

A number of large investors have recently added to or reduced their stakes in HLMN. BlackRock Inc. bought a new position in Hillman Solutions during the 2nd quarter valued at $125,138,000. Jefferies Financial Group Inc. bought a new stake in shares of Hillman Solutions in the 2nd quarter worth about $67,324,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hillman Solutions in the 2nd quarter valued at about $30,105,000. Punch & Associates Investment Management Inc. bought a new stake in Hillman Solutions in the second quarter valued at about $15,874,000. Finally, Bank of America Corp DE acquired a new stake in Hillman Solutions during the second quarter valued at approximately $12,661,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Company Profile

Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.

Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.