Intech Investment Management LLC Purchases Shares of 31,673 Hillman Solutions Corp (NASDAQ:HLMN)

Intech Investment Management LLC acquired a new position in Hillman Solutions Corp (NASDAQ:HLMN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 31,673 shares of the company’s stock, valued at approximately $334,000.

A number of other hedge funds have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Hillman Solutions by 167.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock valued at $2,660,000 after purchasing an additional 156,449 shares during the last quarter. SG Americas Securities LLC grew its stake in Hillman Solutions by 297.3% during the 2nd quarter. SG Americas Securities LLC now owns 57,047 shares of the company’s stock worth $505,000 after buying an additional 42,688 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Hillman Solutions by 63.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,049 shares of the company’s stock worth $195,000 after buying an additional 8,567 shares during the last quarter. Reinhart Partners LLC. grew its stake in Hillman Solutions by 0.8% during the 2nd quarter. Reinhart Partners LLC. now owns 6,978,392 shares of the company’s stock worth $61,759,000 after buying an additional 58,387 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Hillman Solutions by 2.5% during the 2nd quarter. Raymond James & Associates now owns 559,356 shares of the company’s stock valued at $4,950,000 after purchasing an additional 13,755 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Insiders Place Their Bets

In related news, insider Scott Ride sold 72,523 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares of the company’s stock, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HLMN has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Barclays increased their price objective on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group increased their price objective on 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $11.39 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.24 billion, a P/E ratio of 284.82 and a beta of 1.65. Hillman Solutions Corp has a 52 week low of $7.51 and a 52 week high of $12.08. The company has a 50-day moving average price of $10.75 and a 200 day moving average price of $9.85.

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