Hillman Solutions’ (HLMN) Buy Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of Hillman Solutions (NASDAQ:HLMN) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $16.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Robert W. Baird dropped 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. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Barclays dropped 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hillman Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Trading Up 1.0 %

HLMN opened at $10.24 on Wednesday. Hillman Solutions has a one year low of $8.43 and a one year high of $12.08. The company has a market cap 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. The business’s 50-day simple moving average is $10.03 and its 200-day simple moving average is $10.25.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The business had revenue of $349.56 million during the quarter, compared to analysts’ expectations of $350.45 million. During the same quarter in the previous year, the company posted $0.10 EPS. As a group, equities research analysts expect that Hillman Solutions will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.

Institutional Trading of Hillman Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in shares of Hillman Solutions in the 4th quarter valued at approximately $25,000. R Squared Ltd acquired a new stake in shares of Hillman Solutions in the 4th quarter valued at approximately $32,000. First Horizon Advisors Inc. lifted its holdings in shares of Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after buying an additional 2,317 shares during the period. Quarry LP acquired a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $43,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock valued at $50,000 after buying an additional 4,572 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

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.