Hillman Solutions (NASDAQ:HLMN) Price Target Raised to $11.00

Hillman Solutions (NASDAQ:HLMNGet Free Report) had its price objective lifted by Barclays from $10.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 19.31% from the stock’s current price.

Several other equities analysts have also recently commented on HLMN. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Finally, Canaccord Genuity Group reduced their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.50.

Get Our Latest Analysis on HLMN

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $9.22 on Monday. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $8.00 and a 200-day moving average of $8.35. The stock has a market cap of $1.81 billion, a P/E ratio of 41.91, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39. Hillman Solutions has a 52 week low of $6.96 and a 52 week high of $10.85.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $442.25 million for the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. On average, analysts expect that Hillman Solutions will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

A number of large investors have recently bought and sold shares of HLMN. BlackRock Inc. bought a new stake in Hillman Solutions in the second quarter valued at $125,138,000. Bank of Montreal Can grew its position in Hillman Solutions by 71,052.9% in the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after purchasing an additional 10,839,127 shares during the last quarter. UBS Group AG raised its holdings in shares of Hillman Solutions by 112.2% during the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after buying an additional 1,412,693 shares during the last quarter. Reinhart Partners LLC. grew its holdings in Hillman Solutions by 8.8% in the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after buying an additional 916,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Hillman Solutions by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after acquiring an additional 870,216 shares during the period. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

(Get Free Report)

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.

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