Hillman Solutions (NASDAQ:HLMN - Get Free Report) had its price target upped by Canaccord Genuity Group from $12.00 to $13.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price indicates a potential upside of 19.49% from the stock's current price.
Several other brokerages have also recently commented on HLMN. Barclays increased their price target on Hillman Solutions from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Monday, August 12th. Benchmark reissued a "buy" rating and issued a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.08.
Check Out Our Latest Stock Report on Hillman Solutions
Shares of HLMN traded up $0.15 during mid-day trading on Wednesday, hitting $10.88. 325,176 shares of the company's stock were exchanged, compared to its average volume of 898,649. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77. Hillman Solutions has a 52 week low of $6.02 and a 52 week high of $10.93. The company has a market cap of $2.13 billion, a PE ratio of -1,088.00 and a beta of 1.66. The company has a 50-day simple moving average of $9.89 and a 200 day simple moving average of $9.58.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The business had revenue of $379.43 million during the quarter, compared to the consensus estimate of $383.53 million. During the same quarter last year, the firm earned $0.13 earnings per share. On average, research analysts forecast that Hillman Solutions will post 0.52 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in HLMN. Vanguard Group Inc. raised its stake in Hillman Solutions by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company's stock valued at $177,455,000 after acquiring an additional 110,730 shares during the period. Conestoga Capital Advisors LLC increased its holdings in shares of Hillman Solutions by 3.5% in the second quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company's stock valued at $85,125,000 after purchasing an additional 328,740 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Hillman Solutions by 2.7% in the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company's stock valued at $75,363,000 after purchasing an additional 225,480 shares during the period. Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company's stock worth $79,012,000 after buying an additional 503,809 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Hillman Solutions by 158.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company's stock worth $62,518,000 after buying an additional 4,336,039 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Hillman Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hillman Solutions wasn't on the list.
While Hillman Solutions currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.