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

Hillman Solutions Corp. (NASDAQ:HLMN) has been given an average rating of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.25.

A number of research firms have recently weighed in on HLMN. Canaccord Genuity Group reduced their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Weiss Ratings downgraded shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Finally, Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HLMN. UBS Group AG boosted its position in Hillman Solutions by 112.2% during the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock worth $23,134,000 after buying an additional 1,412,693 shares during the period. Anchor Capital Management Company LLC increased its position in Hillman Solutions by 102.5% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock valued at $13,015,000 after acquiring an additional 717,772 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of Hillman Solutions by 71.6% during the third quarter. ArrowMark Colorado Holdings LLC now owns 671,000 shares of the company’s stock valued at $6,160,000 after acquiring an additional 280,000 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Hillman Solutions during the fourth quarter valued at $950,000. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of Hillman Solutions by 4.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock worth $49,487,000 after purchasing an additional 230,580 shares during the period. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $8.09 on Friday. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59. Hillman Solutions has a twelve month low of $6.96 and a twelve month high of $10.85. The company has a market cap of $1.59 billion, a P/E ratio of 42.58, a P/E/G ratio of 1.12 and a beta of 1.38. The business has a fifty day simple moving average of $7.71 and a 200 day simple moving average of $8.47.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $370.07 million during the quarter, compared to the consensus estimate of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, sell-side analysts forecast that Hillman Solutions will post 0.6 EPS for the current fiscal year.

Hillman Solutions Company Profile

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.