Hillman Solutions (NASDAQ:HLMN) Receives Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Hillman Solutions (NASDAQ:HLMN) in a research note published on Wednesday,Benzinga reports. They currently have a $16.00 price target on the stock.

HLMN has been the topic of several other research reports. Barclays decreased their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Robert W. Baird decreased their price target on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $10.24 on Wednesday. The stock’s fifty day moving average is $10.03 and its two-hundred day moving average is $10.25. The firm has a market capitalization of $2.01 billion, a P/E ratio of 256.06 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions has a fifty-two week low of $8.43 and a fifty-two week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. During the same period last year, the firm posted $0.10 EPS. On average, research analysts anticipate that Hillman Solutions will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the transaction, the director now owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its holdings in Hillman Solutions by 4.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock worth $227,000 after purchasing an additional 1,061 shares during the period. Xponance Inc. increased its holdings in Hillman Solutions by 10.1% during the 4th quarter. Xponance Inc. now owns 14,106 shares of the company’s stock worth $137,000 after purchasing an additional 1,297 shares during the period. Cetera Investment Advisers increased its holdings in Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock worth $329,000 after purchasing an additional 1,325 shares during the period. HighTower Advisors LLC increased its holdings in Hillman Solutions by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock worth $1,404,000 after purchasing an additional 1,562 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after purchasing an additional 2,317 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.