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

Hillman Solutions (NASDAQ:HLMN) had its price target increased by stock analysts at Robert W. Baird from $12.00 to $14.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 26.24% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. Canaccord Genuity Group lifted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Barclays increased their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and an average target price of $12.58.

Hillman Solutions Trading Up 3.4 %

Hillman Solutions stock opened at $11.09 on Wednesday. The business has a 50 day moving average price of $10.27 and a two-hundred day moving average price of $9.65. 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 has a 12 month low of $6.02 and a 12 month high of $11.15. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 369.79 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $379.43 million during the quarter, compared to analysts’ expectations of $383.53 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. During the same period in the prior year, the firm posted $0.13 EPS. As a group, equities analysts forecast that Hillman Solutions will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Hillman Solutions

Large investors have recently bought and sold shares of the company. Conestoga Capital Advisors LLC boosted its holdings in Hillman Solutions by 3.5% during the second quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock worth $85,125,000 after purchasing an additional 328,740 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after acquiring an additional 225,480 shares in the last quarter. Reinhart Partners LLC. raised its holdings in Hillman Solutions by 7.2% during the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after acquiring an additional 503,809 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Hillman Solutions by 1.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock valued at $75,588,000 after purchasing an additional 93,759 shares during the last quarter. Finally, Clearbridge Investments LLC grew its stake in Hillman Solutions by 4.8% in the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock valued at $51,155,000 after purchasing an additional 218,982 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.