Hillman Solutions Corp. (NASDAQ:HLMN) Stock Has Average Price Target of $12.67

Hillman Solutions Corp. (NASDAQ:HLMN) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.67.

HLMN has been the topic of a number of analyst reports. Barclays increased their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Raymond James Financial cut Hillman Solutions from an “outperform” rating to a “hold” rating in a research note on Thursday, October 1st. Jefferies Financial Group raised Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Finally, Canaccord Genuity Group decreased their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, insider Aaron Parker sold 17,381 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total value of $148,955.17. Following the sale, the insider owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robert Kraft purchased 35,500 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was acquired at an average price of $7.00 per share, for a total transaction of $248,500.00. Following the purchase, the chief financial officer owned 697,090 shares in the company, valued at approximately $4,879,630. The trade was a 5.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.30% 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 business. Diversified Management Inc. acquired a new position in Hillman Solutions during the third quarter worth about $78,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Hillman Solutions during the third quarter worth about $73,000. Central Pacific Bank Trust Division increased its stake in shares of Hillman Solutions by 8.9% in the third quarter. Central Pacific Bank Trust Division now owns 37,179 shares of the company’s stock valued at $260,000 after buying an additional 3,030 shares during the period. Engineers Gate Manager LP bought a new position in Hillman Solutions in the 2nd quarter valued at approximately $345,000. Finally, Integrated Wealth Concepts LLC bought a new position in Hillman Solutions in the 2nd quarter valued at approximately $25,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Up 1.0%

HLMN stock opened at $7.01 on Tuesday. Hillman Solutions has a fifty-two week low of $6.66 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 0.97 and a beta of 1.42. The business’s fifty day moving average price is $7.79 and its two-hundred day moving average price is $7.91.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million during the quarter, compared to analysts’ expectations of $433.67 million. On average, equities analysts anticipate that Hillman Solutions will post 0.6 earnings per share for the current year.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ: HLMN) is a provider of hardware products and related services for home improvement retailers, mass merchants, and other retail customers. The company supplies products used in home repair, maintenance, security, identification, and organization.

Its product portfolio includes residential, automotive, and commercial keys; key duplication and kiosk services through its MinuteKey business; fasteners; picture-hanging and home organization products; engravable tags; builder’s hardware; and other small hardware items.