Hillman Solutions (NASDAQ:HLMN) Price Target Lowered to $11.00 at Barclays

Hillman Solutions (NASDAQ:HLMNGet Free Report) had its target price reduced by equities researchers at Barclays from $12.00 to $11.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 10.78% from the company’s current price.

A number of other brokerages also recently weighed in on HLMN. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Benchmark boosted their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Robert W. Baird raised their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Canaccord Genuity Group boosted their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

View Our Latest Research Report on Hillman Solutions

Hillman Solutions Price Performance

Hillman Solutions stock traded down $0.24 during mid-day trading on Thursday, reaching $9.93. 197,704 shares of the company were exchanged, compared to its average volume of 840,188. The company has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $10.12. The firm has a market cap of $1.95 billion, a PE ratio of 248.31 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions has a 12 month low of $8.43 and a 12 month high of $12.08.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter last year, the business earned $0.11 earnings per share. Hillman Solutions’s revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts expect that Hillman Solutions will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares in the company, valued at $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised 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 last quarter. Quarry LP bought a new position in Hillman Solutions during the third quarter worth $43,000. Canada Pension Plan Investment Board acquired a new position in Hillman Solutions in the second quarter valued at $57,000. Benjamin F. Edwards & Company Inc. boosted its position in Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after acquiring an additional 4,473 shares during the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new stake in Hillman Solutions during the 3rd quarter worth about $132,000. 98.11% of the stock is owned by institutional investors and hedge funds.

About Hillman Solutions

(Get Free Report)

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.

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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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