Hillman Solutions (NASDAQ:HLMN) Given New $12.00 Price Target at Barclays

Hillman Solutions (NASDAQ:HLMN) had its target price hoisted by Barclays from $10.00 to $12.00 in a research report report published on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

HLMN has been the subject of several other research reports. Robert W. Baird boosted their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group boosted their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and issued a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.92.

Hillman Solutions Trading Up 1.3 %

Hillman Solutions stock traded up $0.14 during trading on Wednesday, hitting $11.28. The company had a trading volume of 59,468 shares, compared to its average volume of 889,780. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The company’s 50 day simple moving average is $10.33 and its 200-day simple moving average is $9.67. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 371.46 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The firm had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same quarter last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts expect that Hillman Solutions will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in Hillman Solutions by 158.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock valued at $62,518,000 after purchasing an additional 4,336,039 shares during the period. Harbor Capital Advisors Inc. increased its stake in Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after purchasing an additional 914,151 shares during the period. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after purchasing an additional 578,042 shares during the period. Reinhart Partners LLC. increased its stake in Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after purchasing an additional 503,809 shares during the period. Finally, Roubaix Capital LLC acquired a new position in Hillman Solutions in the first quarter valued at $4,498,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

About Hillman Solutions

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.