Analysts Set Hillman Solutions Corp (NASDAQ:HLMN) Price Target at $11.75

Hillman Solutions Corp (NASDAQ:HLMN) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.75.

A number of equities analysts have issued reports on HLMN shares. Stifel Nicolaus reissued a “buy” rating and issued a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. Robert W. Baird raised their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, Director Aaron Jagdfeld sold 49,447 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $9.04, for a total value of $447,000.88. Following the sale, the director now owns 197,031 shares in the company, valued at $1,781,160.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HLMN. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Hillman Solutions during the first quarter valued at approximately $46,000. AXQ Capital LP acquired a new position in shares of Hillman Solutions during the third quarter valued at approximately $103,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Hillman Solutions during the third quarter valued at approximately $108,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Hillman Solutions during the third quarter valued at approximately $129,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Hillman Solutions during the third quarter valued at approximately $138,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $8.85 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.78 and a current ratio of 2.49. Hillman Solutions has a one year low of $6.02 and a one year high of $10.85. The company’s 50-day simple moving average is $9.25 and its 200-day simple moving average is $9.33. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -885.00 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The firm had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $354.47 million. During the same quarter last year, the company posted $0.06 earnings per share. Hillman Solutions’s revenue was up .2% on a year-over-year basis. Equities analysts anticipate that Hillman Solutions will post 0.46 earnings per share for the current fiscal year.

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.