State of New Jersey Common Pension Fund D Sells 10,484 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

State of New Jersey Common Pension Fund D lowered its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,008 shares of the company’s stock after selling 10,484 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.10% of Hillman Solutions worth $1,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Hillman Solutions during the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its position in shares of 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. Quarry LP purchased a new stake in shares of Hillman Solutions during the third quarter valued at $43,000. Entropy Technologies LP purchased a new position in shares of Hillman Solutions during the fourth quarter valued at approximately $106,000. Finally, US Bancorp DE increased its position in Hillman Solutions by 508.2% during the third quarter. US Bancorp DE now owns 18,660 shares of the company’s stock valued at $197,000 after acquiring an additional 15,592 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Insider Activity at Hillman Solutions

In related 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 transaction, the director now owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HLMN has been the topic of several analyst reports. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Robert W. Baird reduced their target price on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Barclays decreased their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, Benchmark reiterated a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Trading Up 1.2 %

Shares of NASDAQ HLMN opened at $10.14 on Tuesday. The business has a fifty day moving average price of $9.98 and a 200 day moving average price of $10.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions Corp has a 1-year low of $8.43 and a 1-year high of $12.08. The stock has a market capitalization of $1.99 billion, a P/E ratio of 126.77 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Equities research analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

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.