Janney Montgomery Scott LLC Has $766,000 Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Janney Montgomery Scott LLC raised its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 23.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,533 shares of the company’s stock after purchasing an additional 13,585 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Hillman Solutions were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Hillman Solutions by 158.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock worth $62,518,000 after acquiring an additional 4,336,039 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hillman Solutions by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after acquiring an additional 578,042 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Hillman Solutions by 271.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company’s stock worth $6,168,000 after acquiring an additional 509,219 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Hillman Solutions by 7.2% in 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. Finally, Roubaix Capital LLC acquired a new position in shares of Hillman Solutions in the 1st quarter worth approximately $4,498,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Robert W. Baird boosted their target price on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays boosted their target price on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Benchmark reissued a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. Finally, Canaccord Genuity Group boosted their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Hillman Solutions has an average rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Stock Performance

HLMN stock opened at $10.76 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company has a 50 day moving average price of $10.51 and a 200 day moving average price of $9.74. Hillman Solutions Corp has a fifty-two week low of $7.05 and a fifty-two week high of $12.08. The stock has a market capitalization of $2.11 billion, a PE ratio of 269.07 and a beta of 1.65.

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

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.