Hillman Solutions Corp. (NASDAQ:HLMN) shares traded -1.39% lower at $9.21 on Wall Street last session.
In accordance with the data, 10 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 $11.50. Given the previous closing price of $9.34, this indicates a potential upside of 23.13 percent. HLMN stock price is now 0.98% away from the 50-day moving average and 9.52% away from the 200-day moving average. The market capitalization of the company currently stands at $1.77B.
It has been rated a hold by 0 analysts and a buy by 7. Brokers who have rated the stock have averaged $11.44 as their price target over the next twelve months.
With the price target of $12, Canaccord Genuity recently initiated with Buy rating for Hillman Solutions Corp. (NASDAQ: HLMN).
In other news, Woodlief Philip, Director bought 10,000 shares of the company’s stock on May 18. The stock was bought for $79,100 at an average price of $7.91. Upon completion of the transaction, the Director now directly owns 27,537 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, 10% Owner CCMP Capital, LP sold 22,455,000 shares of the business’s stock. A total of $172,652,004 was realized by selling the stock at an average price of $7.69. Insiders disposed of 59,605,000 shares of company stock worth roughly $548.96 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 MARATHON CAPITAL MANAGEMENT during the first quarter worth $8,606,000. TELEMARK ASSET MANAGEMENT, LLC invested $5,066,000 in shares of HLMN during the first quarter. In the first quarter, DIMENSIONAL FUND ADVISORS LP acquired a new stake in Hillman Solutions Corp. valued at approximately $4,993,000. BANK OF MONTREAL /CAN/ acquired a new stake in HLMN for approximately $2,886,000. MAVEN SECURITIES LTD purchased a new stake in HLMN valued at around $2,763,000 in the second quarter. In total, there are 247 active investors with 94.87% ownership of the company’s stock.
Hillman Solutions Corp. (NASDAQ: HLMN) opened at $9.39 on Thursday. During the past 12 months, Hillman Solutions Corp. has had a low of $6.59 and a high of $10.28. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 2.90, and a quick ratio of 0.80. The fifty day moving average price for HLMN is $9.14 and a two-hundred day moving average price translates $8.42 for the stock.
The latest earnings results from Hillman Solutions Corp. (NASDAQ: HLMN) was released for Jun, 2023. According to the Tools & Accessories Company, earnings per share came in at $0.13, beating analysts’ expectations of $0.09 by 0.04. This compares to $0.04 EPS in the same period last year. The net profit margin was -1.60% and return on equity was -2.00% for HLMN. The company reported revenue of $380.02 million for the quarter, compared to $394.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.58 percent. For the current quarter, analysts expect HLMN to generate $397.2M in revenue.
Hillman Solutions Corp.(HLMN) Company Profile
Hillman Solutions Corp., together with its subsidiaries, provides hardware-related products and related merchandising services in the United States, Canada, Mexico, Latin America, and the Caribbean. The company 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. It 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 wall hanging 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. The company offers its products under the Power Pro, Hillman, Deck Plus, Fas-n-Tite, Hardware Essentials, Durasteel, Steelworks, OOK, Distinctions, AWP, Quick Tag, Keykrafter, Digz, High & Mighty, True Grip, Firm Grip, Ozco, Borefast, Gorilla Grip, Soft Scrub, Ajustlock, Timber-Tite, and Axxess+ brand names. The company sells its products to hardware stores, home centers, mass merchants, pet supply stores, industrial distributors, automotive aftermarket distributors, and other retail outlets, as well as industrial original equipment manufacturers. Hillman Solutions Corp. was founded in 1964 and is headquartered in Cincinnati, Ohio.
