Barclays Issues Pessimistic Forecast for Hillman Solutions (NASDAQ:HLMN) Stock Price

Hillman Solutions (NASDAQ:HLMN) had its price target reduced by investment analysts at Barclays from $11.00 to $10.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 20.19% from the stock’s current price.

Several other research analysts have also commented on the company. Weiss Ratings upgraded Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Raymond James Financial downgraded Hillman Solutions from an “outperform” rating to a “hold” rating in a research report on Thursday, October 1st. Finally, Canaccord Genuity Group lowered their price objective on Hillman Solutions from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Hillman Solutions Price Performance

HLMN traded down $0.21 during trading hours on Thursday, hitting $8.32. The company’s stock had a trading volume of 3,120,439 shares, compared to its average volume of 1,765,399. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 64.00, a P/E/G ratio of 1.18 and a beta of 1.48. The business’s 50-day moving average price is $7.37 and its 200-day moving average price is $8.11. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. Hillman Solutions has a 12 month low of $6.66 and a 12 month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Monday, November 2nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. Hillman Solutions had a net margin of 1.48% and a return on equity of 9.05%. The business had revenue of $457.49 million during the quarter, compared to analyst estimates of $462.10 million. Sell-side analysts expect that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In related news, insider Amanda Kitzberger sold 13,750 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the transaction, the insider directly owned 58,855 shares in the company, valued at approximately $426,698.75. This represents a 18.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Aaron Parker sold 17,381 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider directly owned 54,723 shares in the company, valued at $468,976.11. This trade represents a 24.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.30% of the company’s stock.

Institutional Trading of Hillman Solutions

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Hillman Solutions during the 2nd quarter worth approximately $25,000. Public Employees Retirement System of Ohio bought a new position in Hillman Solutions in the 2nd quarter valued at $42,000. Avidian Wealth Enterprises LLC bought a new position in Hillman Solutions in the 3rd quarter valued at $73,000. Diversified Management Inc. bought a new position in Hillman Solutions in the 3rd quarter valued at $78,000. Finally, NewEdge Wealth LLC purchased a new stake in Hillman Solutions in the second quarter worth $88,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.