Hillman Solutions (NASDAQ:HLMN) Earns “Buy” Rating from Benchmark

Benchmark restated their buy rating on shares of Hillman Solutions (NASDAQ:HLMN) in a research note published on Thursday, Benzinga reports. They currently have a $13.00 price objective on the stock.

Several other research analysts also recently issued reports on the stock. Barclays dropped their target price on shares of Hillman Solutions from $10.00 to $9.00 and set an equal weight rating on the stock in a research note on Friday, July 12th. Robert W. Baird upped their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an outperform rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hillman Solutions currently has a consensus rating of Moderate Buy and an average target price of $11.75.

Hillman Solutions Stock Down 1.7 %

NASDAQ:HLMN traded down $0.16 during mid-day trading on Thursday, hitting $9.33. 671,077 shares of the company’s stock were exchanged, compared to its average volume of 912,639. Hillman Solutions has a one year low of $6.02 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 0.78. The business has a fifty day moving average price of $9.16 and a 200 day moving average price of $9.44. The company has a market cap of $1.83 billion, a PE ratio of -933.00 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The business had revenue of $379.43 million for the quarter, compared to analyst estimates of $383.53 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Equities analysts predict that Hillman Solutions will post 0.45 EPS for the current year.

Insider Activity at Hillman Solutions

In related news, Director Aaron Jagdfeld sold 49,447 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $9.04, for a total transaction of $447,000.88. Following the transaction, the director now owns 197,031 shares in the company, valued at $1,781,160.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in Hillman Solutions during the first quarter valued at approximately $46,000. Institute for Wealth Management LLC. purchased a new stake in Hillman Solutions during the second quarter valued at approximately $101,000. Counterpoint Mutual Funds LLC purchased a new stake in Hillman Solutions during the first quarter valued at approximately $140,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Hillman Solutions during the first quarter valued at approximately $143,000. Finally, SG Americas Securities LLC purchased a new stake in Hillman Solutions during the first quarter valued at approximately $153,000. Institutional investors own 98.11% of the company’s stock.

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.