Janney Montgomery Scott LLC Raises Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Janney Montgomery Scott LLC lifted its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,453 shares of the company’s stock after acquiring an additional 20,920 shares during the period. Janney Montgomery Scott LLC’s holdings in Hillman Solutions were worth $910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Hillman Solutions by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after purchasing an additional 4,581 shares during the last quarter. Algert Global LLC acquired a new stake in Hillman Solutions during the second quarter worth approximately $334,000. Sanctuary Advisors LLC purchased a new stake in Hillman Solutions in the 2nd quarter worth approximately $257,000. Handelsbanken Fonder AB raised its holdings in Hillman Solutions by 22.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 56,200 shares of the company’s stock valued at $593,000 after acquiring an additional 10,300 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake 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 purchasing an additional 503,809 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Robert W. Baird lifted 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. Barclays dropped their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Benchmark raised their target price 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 boosted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Hillman Solutions Stock Up 0.9 %

Shares of NASDAQ:HLMN opened at $10.00 on Thursday. The stock has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $10.23. The stock has a market capitalization of $1.97 billion, a P/E ratio of 250.06 and a beta of 1.68. Hillman Solutions Corp has a 1 year low of $8.43 and a 1 year high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last released 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 company had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. Equities analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction dated 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 owns 55,811 shares of the company’s stock, valued at $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.66, for a total value of $773,095.18. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate 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.