KLP Kapitalforvaltning AS Takes $409,000 Position in Hillman Solutions Corp (NASDAQ:HLMN)

KLP Kapitalforvaltning AS purchased a new position in Hillman Solutions Corp (NASDAQ:HLMN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,000 shares of the company’s stock, valued at approximately $409,000.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its position in Hillman Solutions by 4.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock worth $227,000 after purchasing an additional 1,061 shares in the last quarter. Xponance Inc. raised its stake in shares of Hillman Solutions by 10.1% during the 4th quarter. Xponance Inc. now owns 14,106 shares of the company’s stock worth $137,000 after buying an additional 1,297 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock worth $1,404,000 after buying an additional 1,562 shares in the last quarter. R Squared Ltd acquired a new stake in Hillman Solutions in the 4th quarter valued at about $32,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in Hillman Solutions by 4.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 78,807 shares of the company’s stock valued at $768,000 after acquiring an additional 3,476 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

HLMN stock opened at $8.01 on Friday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 100.14 and a beta of 1.68. The stock’s fifty day simple moving average is $9.59 and its 200-day simple moving average is $10.19. Hillman Solutions Corp has a 52-week low of $7.35 and a 52-week high of $12.08. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Benchmark reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays cut their target price 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. Finally, Robert W. Baird decreased their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

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.