Fmr LLC Boosts Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Fmr LLC raised its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 338.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 22,199 shares of the company’s stock after buying an additional 17,141 shares during the period. Fmr LLC’s holdings in Hillman Solutions were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HLMN. First Horizon Advisors Inc. raised its position in Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after acquiring an additional 2,317 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Hillman Solutions by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after purchasing an additional 3,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hillman Solutions by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock valued at $382,000 after purchasing an additional 3,299 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after purchasing an additional 4,473 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Hillman Solutions by 4.8% during the second quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after buying an additional 4,581 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Trading Down 0.4 %

HLMN stock opened at $9.96 on Friday. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The business’s 50-day moving average is $10.92 and its 200 day moving average is $10.00. 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 stock has a market cap of $1.96 billion, a price-to-earnings ratio of 249.06 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. On average, sell-side analysts anticipate that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Insider Transactions at Hillman Solutions

In other news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares in the company, valued at $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on HLMN shares. Benchmark upped their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Canaccord Genuity Group upped their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays increased their price target 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, 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 research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.20.

Hillman Solutions 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.