Canaccord Genuity analyst Brian McNamara maintained a Buy rating on Hillman Solutions yesterday and set a price target of $15.00.
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Brian McNamara has given his Buy rating due to a combination of factors that indicate a positive outlook for Hillman Solutions. The company’s management has expressed confidence in navigating current market challenges, such as tariffs and weak housing activity, by leveraging their strategic positioning and product inelasticity. They have set ambitious growth targets for 2026, including high single-digit to low double-digit net sales growth and low single-digit to mid-single-digit adjusted EBITDA growth, which are supported by the rollout of new initiatives like the MinuteKey 3.5 kiosk.
Furthermore, Hillman Solutions is poised to benefit from a recovery in existing home sales, which could lead to increased demand for their products as homeowners engage in maintenance and improvement projects. The company’s proactive approach to managing tariff impacts and its strategic focus on expanding its professional market exposure further strengthen its position. Additionally, the potential for future M&A activities, as the tariff situation becomes clearer, adds to the growth prospects. Overall, these factors contribute to a favorable long-term outlook, justifying the Buy rating.
In another report released on August 6, TR | OpenAI – 4o also upgraded the stock to a Buy with a $10.50 price target.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HLMN in relation to earlier this year.