Hillman Solutions Corp. (NASDAQ:HLMN) shares traded 1.78% higher at $6.85 on Wall Street last session.
In accordance with the data, 8 analysts cover Hillman Solutions Corp. (NASDAQ:HLMN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $10.00, we find $10.50. Given the previous closing price of $6.73, this indicates a potential upside of 56.02 percent. HLMN stock price is now -9.55% away from the 50-day moving average and -26.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.34B.
It has been rated a hold by 0 analysts and a buy by 5. Brokers who have rated the stock have averaged $11.21 as their price target over the next twelve months.
On April 22, 2022, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $15, while ‘Colliers Securities’ rates the stock as ‘Buy’.
In other news, Cahill Douglas, COB, President and CEO bought 129,000 shares of the company’s stock on Nov 30. The stock was bought for $993,945 at an average price of $7.71. Upon completion of the transaction, the COB, President and CEO now directly owns 402,628 shares in the company, valued at $2.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30, CFO and Treasurer Kraft Robert O. bought 65,000 shares of the business’s stock. A total of $497,380 was incurred on buying the stock at an average price of $7.65. This leaves the insider owning 225,094 shares of the company worth $1.54 million. Insiders disposed of 20,773,651 shares of company stock worth roughly $142.3 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HLMN stock. A new stake in Hillman Solutions Corp. shares was purchased by NEUBERGER BERMAN GROUP LLC during the first quarter worth $30,099,000. AMERICAN CENTURY COMPANIES INC invested $17,306,000 in shares of HLMN during the first quarter. In the first quarter, WCM INVESTMENT MANAGEMENT, LLC acquired a new stake in Hillman Solutions Corp. valued at approximately $12,961,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in HLMN for approximately $4,954,000. CLEARLINE CAPITAL LP purchased a new stake in HLMN valued at around $2,184,000 in the second quarter. In total, there are 219 active investors with 98.45% ownership of the company’s stock.
Hillman Solutions Corp. (NASDAQ: HLMN) opened at $6.72 on Wednesday. During the past 12 months, Hillman Solutions Corp. has had a low of $6.59 and a high of $12.45. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 2.70, and a quick ratio of 0.70. The fifty day moving average price for HLMN is $7.57 and a two-hundred day moving average price translates $9.26 for the stock.
The latest earnings results from Hillman Solutions Corp. (NASDAQ: HLMN) was released for Jun, 2022. According to the Tools & Accessories Company, earnings per share came in at $0.14, beating analysts’ expectations of $0.1 by 0.04. This compares to -$0.19 EPS in the same period last year. The net profit margin was 0.30% and return on equity was 0.30% for HLMN. The company reported revenue of $378.54 million for the quarter, compared to $364.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.86 percent. For the current quarter, analysts expect HLMN to generate $387.87M in revenue.
Hillman Solutions Corp.(HLMN) Company Profile
Hillman Solutions Corp., together with its subsidiaries, provides hardware-related products and related merchandising services in North America. It offers hardware products, including anchor shackles and eye bolts, door hinges and chains, garage doors, safety hasps, gate hooks and latches, magnets, hooks and storage, corner braces and mending plates, and springs; and fasteners, such as anchors, ball bearings, bolts, kits, nails, nuts, pins, rivets, screws, spacers, threaded inserts, tools/brushes, washers, wire hardware, and other accessories. The company also offers driveway markers/reflectors, numbers, letters, plaques, signs, stencils, survey and flagging tapes, and safety and caution products; threaded rods, aluminum tubes, and slotted and aluminum angles; wall hangings, including frame hardware, hooks, picture hanging, adhesives, mirrors, wires, and accessories, as well as picture hanging and tool-free mounting products; face masks, gloves, and glasses; keys and engravings; and electrical, plumbing, and automotive products and accessories. It offers its products under the DECK PLUS, GORILLA GRIP, HILLMAN, HARDWARE Essentials, minute key, POWERPRO, OOK, Fas.n.Tite, Distinctions, AWP, OZCO, The Steel Works, and Digz brand names. The company sells its products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets, as well as industrial original equipment manufacturers. Hillman Solutions Corp. was founded in 1964 and is headquartered in Cincinnati, Ohio.