Hillman Solutions Corp (NASDAQ:HLMN) Given Consensus Rating of “Hold” by Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $11.00.

HLMN has been the subject of several recent research reports. Barclays cut their price target on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Baird R W cut Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Raymond James set a $10.00 target price on Hillman Solutions and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Benchmark reissued a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, Robert W. Baird dropped their price objective on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th.

Hillman Solutions Trading Down 0.7%

Shares of NASDAQ:HLMN opened at $8.00 on Tuesday. The business’s 50-day moving average is $8.06 and its 200 day moving average is $9.53. Hillman Solutions has a 1 year low of $6.64 and a 1 year high of $12.08. The firm has a market capitalization of $1.58 billion, a P/E ratio of 100.01 and a beta of 1.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, research analysts predict that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Robert O. Kraft bought 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the acquisition, the chief financial officer now owns 632,752 shares in the company, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Hillman Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company’s stock valued at $172,067,000 after purchasing an additional 134,830 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Hillman Solutions by 0.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company’s stock valued at $124,949,000 after purchasing an additional 64,966 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in Hillman Solutions by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company’s stock valued at $83,416,000 after purchasing an additional 613,865 shares during the period. JPMorgan Chase & Co. boosted its holdings in Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after purchasing an additional 509,016 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in Hillman Solutions by 13.8% in the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company’s stock valued at $76,115,000 after purchasing an additional 1,046,765 shares during the period. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

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.