Barclays Forecasts Strong Price Appreciation for Hillman Solutions (NASDAQ:HLMN) Stock

Hillman Solutions (NASDAQ:HLMN) had its target price raised by research analysts at Barclays from $10.00 to $11.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 19.31% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Finally, Canaccord Genuity Group lowered their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.50.

Hillman Solutions Price Performance

HLMN stock opened at $9.22 on Monday. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.81 billion, a PE ratio of 41.91, a P/E/G ratio of 1.29 and a beta of 1.39. Hillman Solutions has a one year low of $6.96 and a one year high of $10.85. The firm has a 50-day moving average of $8.00 and a two-hundred day moving average of $8.35.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The company had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. On average, analysts forecast that Hillman Solutions will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors have recently added to or reduced their stakes in HLMN. UBS Group AG grew its holdings 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 acquiring an additional 1,412,693 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Hillman Solutions by 46.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,094,327 shares of the company’s stock valued at $9,105,000 after purchasing an additional 344,995 shares in the last quarter. Anchor Capital Management Company LLC raised its position in Hillman Solutions by 33.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock worth $21,095,000 after purchasing an additional 630,000 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Hillman Solutions by 18.5% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 864,598 shares of the company’s stock worth $7,193,000 after buying an additional 135,057 shares in the last quarter. Finally, Congruence Capital LLC bought a new position in Hillman Solutions in the 4th quarter valued at $6,437,000. 98.11% of the stock is owned by institutional investors.

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.