Hillman Solutions: Positioned for Housing Market Recovery Amid Steady Demand and Resilience

Canaccord Genuity analyst Brian McNamara maintained a Buy rating on Hillman Solutions (HLMN – Research Report) yesterday and set a price target of $13.00.

Brian McNamara’s rating is based on several key observations from his research. He notes that Hillman Solutions is well-positioned to benefit from a potential recovery in the housing market, as a significant portion of its business is tied to repair and remodel activities. These activities are typically undertaken before selling or after purchasing a home, making the company sensitive to changes in housing market dynamics.
Furthermore, McNamara’s extensive survey of 100 geographically diverse customer locations revealed that recent tariff announcements have not significantly impacted consumer behavior or fastener prices at retail. Despite some macroeconomic uncertainties, the demand for larger projects remains steady, which McNamara views as a positive indicator for Hillman Solutions. Consequently, even though he has slightly adjusted his Q1 estimates, he maintains a Buy rating with a price target of $13, reflecting confidence in the company’s resilience and market positioning.

In another report released on March 31, Jefferies also maintained a Buy rating on the stock with a $11.00 price target.

HLMN’s price has also changed moderately for the past six months – from $10.960 to $7.550, which is a -31.11% drop .