Teachers Retirement System of The State of Kentucky Acquires 58,036 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 31.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 243,643 shares of the company’s stock after purchasing an additional 58,036 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.13% of Hillman Solutions worth $2,244,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HLMN. M&T Bank Corp lifted its holdings in Hillman Solutions by 6.8% during the 4th quarter. M&T Bank Corp now owns 30,804 shares of the company’s stock worth $284,000 after buying an additional 1,952 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Hillman Solutions by 19.7% during the third quarter. Amalgamated Bank now owns 18,322 shares of the company’s stock valued at $151,000 after acquiring an additional 3,020 shares during the period. Glenmede Trust Co. NA boosted its holdings in Hillman Solutions by 12.3% in the third quarter. Glenmede Trust Co. NA now owns 33,259 shares of the company’s stock valued at $274,000 after acquiring an additional 3,649 shares during the last quarter. Swiss National Bank boosted its holdings in Hillman Solutions by 1.0% in the third quarter. Swiss National Bank now owns 427,600 shares of the company’s stock valued at $3,528,000 after acquiring an additional 4,200 shares during the last quarter. Finally, White Pine Capital LLC lifted its position in Hillman Solutions by 14.0% during the 4th quarter. White Pine Capital LLC now owns 58,512 shares of the company’s stock valued at $539,000 after purchasing an additional 7,180 shares during the period. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock Down 1.5 %

NASDAQ:HLMN opened at $8.56 on Friday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -855.14 and a beta of 1.68. The company has a current ratio of 2.49, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $9.37 and a two-hundred day moving average price of $9.30. Hillman Solutions Corp has a 1 year low of $6.02 and a 1 year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 7.50% and a negative net margin of 0.13%. The business had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. During the same period in the prior year, the business earned $0.06 EPS. Hillman Solutions’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts expect that Hillman Solutions Corp will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. Canaccord Genuity Group raised their price target on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Barclays upped their price objective on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Finally, Robert W. Baird raised their target price on Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Hillman Solutions presently has an average rating of “Moderate Buy” and an average target price of $11.75.

Insider Buying and Selling

In related news, Director Aaron Jagdfeld sold 49,447 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $9.04, for a total value of $447,000.88. Following the completion of the transaction, the director now directly owns 197,031 shares of the company’s stock, valued at approximately $1,781,160.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by company insiders.

Hillman Solutions Company Profile

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.