Bank of New York Mellon Corp Buys 6,653 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Bank of New York Mellon Corp raised its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 699,403 shares of the company’s stock after buying an additional 6,653 shares during the quarter. Bank of New York Mellon Corp owned 0.36% of Hillman Solutions worth $6,812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Hillman Solutions in the 4th quarter valued at $32,000. First Horizon Advisors Inc. lifted its position in Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after buying an additional 2,317 shares in the last quarter. Quarry LP acquired a new position in Hillman Solutions during the 3rd quarter valued at about $43,000. Venturi Wealth Management LLC boosted its stake in shares of Hillman Solutions by 1,337.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock valued at $68,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Hillman Solutions during the 4th quarter worth $106,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Benchmark reissued a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Barclays lowered their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN opened at $9.25 on Monday. The company’s 50 day moving average price is $9.90 and its two-hundred day moving average price is $10.29. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The firm has a market cap of $1.83 billion, a PE ratio of 115.64 and a beta of 1.68. 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 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 firm had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. During the same period last year, the company posted $0.10 EPS. Equities research analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current 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.