US Bancorp DE Boosts Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

US Bancorp DE boosted its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 508.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,660 shares of the company’s stock after purchasing an additional 15,592 shares during the quarter. US Bancorp DE’s holdings in Hillman Solutions were worth $197,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HLMN. Conestoga Capital Advisors LLC lifted its position 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 worth $85,125,000 after buying an additional 328,740 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Hillman Solutions by 2.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock worth $75,363,000 after acquiring an additional 225,480 shares in the last quarter. Reinhart Partners LLC. raised its holdings 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 acquiring an additional 503,809 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Hillman Solutions by 1.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock valued at $75,588,000 after acquiring an additional 93,759 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Hillman Solutions by 4.8% in the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock valued at $51,155,000 after purchasing an additional 218,982 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

HLMN stock opened at $11.00 on Friday. Hillman Solutions Corp has a 12 month low of $7.05 and a 12 month high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $10.49 and a 200 day moving average price of $9.73. The stock has a market cap of $2.16 billion, a PE ratio of 275.07 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. Barclays increased their price target on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

About Hillman Solutions

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.