Atria Investments Inc Raises Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Atria Investments Inc raised its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 24.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,656 shares of the company’s stock after purchasing an additional 14,904 shares during the quarter. Atria Investments Inc’s holdings in Hillman Solutions were worth $799,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. ProShare Advisors LLC raised its holdings in Hillman Solutions by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock valued at $373,000 after buying an additional 2,762 shares during the period. Rhumbline Advisers increased its position in shares of Hillman Solutions by 1.0% during the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after acquiring an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hillman Solutions by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock valued at $382,000 after acquiring an additional 3,299 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings 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 worth $78,000 after acquiring an additional 4,473 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Hillman Solutions by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after acquiring an additional 4,581 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several research reports. Robert W. Baird lifted their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Canaccord Genuity Group lifted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. Finally, Barclays raised their target price on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $10.78 on Tuesday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 269.57 and a beta of 1.65. 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 Corp has a 52 week low of $7.05 and a 52 week high of $12.08. The company has a fifty day simple moving average of $10.54 and a two-hundred day simple moving average of $9.74.

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

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.