Raymond James & Associates Lowers Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Raymond James & Associates trimmed its position in Hillman Solutions Corp (NASDAQ:HLMN) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,278 shares of the company’s stock after selling 42,078 shares during the quarter. Raymond James & Associates owned approximately 0.26% of Hillman Solutions worth $5,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in Hillman Solutions in the second quarter valued at approximately $57,000. Benjamin F. Edwards & Company Inc. raised its stake in Hillman Solutions by 103.9% in the second 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 in the last quarter. Institute for Wealth Management LLC. purchased a new stake in Hillman Solutions in the second quarter valued at approximately $101,000. Stratos Wealth Advisors LLC purchased a new stake in Hillman Solutions in the third quarter valued at approximately $132,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Hillman Solutions in the first quarter valued at approximately $143,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Up 2.1 %

Shares of Hillman Solutions stock opened at $10.82 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. Hillman Solutions Corp has a 52-week low of $6.02 and a 52-week high of $11.15. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 360.79 and a beta of 1.66. The company’s 50 day moving average price is $10.25 and its 200-day moving average price is $9.63.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The firm had revenue of $379.43 million for the quarter, compared to analysts’ expectations of $383.53 million. During the same quarter last year, the business earned $0.13 earnings per share. Equities research analysts forecast that Hillman Solutions Corp will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

HLMN has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group increased their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $12.08.

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.