Analysts Set Hillman Solutions Corp (NASDAQ:HLMN) Price Target at $11.63

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $11.63.

HLMN has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. Canaccord Genuity Group increased their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Barclays boosted their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th.

Insider Activity

In related news, COO Jon Michael Adinolfi sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total value of $1,079,100.00. Following the completion of the transaction, the chief operating officer now owns 659,889 shares in the company, valued at approximately $6,473,511.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hillman Solutions news, insider Randall J. Fagundo sold 250,546 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the sale, the insider now directly owns 45,440 shares in the company, valued at $437,587.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jon Michael Adinolfi sold 110,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total transaction of $1,079,100.00. Following the completion of the sale, the chief operating officer now owns 659,889 shares of the company’s stock, valued at approximately $6,473,511.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 618,658 shares of company stock worth $5,958,077. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HLMN. Benjamin F. Edwards & Company Inc. acquired a new position in Hillman Solutions in the 1st quarter worth $46,000. AXQ Capital LP acquired a new position in Hillman Solutions during the 3rd quarter worth approximately $103,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Hillman Solutions in the 3rd quarter valued at about $108,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Hillman Solutions by 22.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,310 shares of the company’s stock valued at $110,000 after purchasing an additional 2,407 shares during the period. Finally, Sherbrooke Park Advisers LLC bought a new position in Hillman Solutions during the third quarter worth about $129,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

HLMN stock opened at $9.98 on Friday. The stock’s fifty day moving average is $9.91 and its two-hundred day moving average is $8.80. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -199.56 and a beta of 1.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. Hillman Solutions has a 1 year low of $6.02 and a 1 year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $347.81 million during the quarter, compared to analyst estimates of $344.98 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. On average, research analysts predict that Hillman Solutions will post 0.49 EPS for the current year.

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.