Barclays PLC raised its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 326.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 305,468 shares of the company's stock after buying an additional 233,894 shares during the period. Barclays PLC owned 0.16% of Hillman Solutions worth $3,226,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in shares of Hillman Solutions by 231.7% during the 3rd 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 during the period. Quarry LP bought a new position in Hillman Solutions during the third quarter valued at $43,000. Canada Pension Plan Investment Board purchased a new stake in Hillman Solutions in the second quarter worth $57,000. Benjamin F. Edwards & Company Inc. increased its position 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 worth $78,000 after buying an additional 4,473 shares during the last quarter. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of Hillman Solutions in the third quarter valued at $132,000. Institutional investors own 98.11% of the company's stock.
Hillman Solutions Price Performance
Shares of HLMN traded up $0.09 during midday trading on Tuesday, hitting $9.88. 401,508 shares of the company traded hands, compared to its average volume of 896,272. Hillman Solutions Corp has a one year low of $8.43 and a one year high of $12.08. The firm has a market cap of $1.94 billion, a P/E ratio of 247.06 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The stock has a 50-day moving average of $10.91 and a 200-day moving average of $10.02.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The business had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same quarter in the prior year, the firm posted $0.11 EPS. Hillman Solutions's revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.
Insider Buying and Selling at Hillman Solutions
In related news, insider Scott Ride sold 72,523 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now owns 70,369 shares of the company's stock, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip Woodlief sold 19,779 shares of Hillman Solutions 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 sale, the director now directly owns 55,811 shares of the company's stock, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on HLMN. Robert W. Baird lifted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Barclays lifted their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. Benchmark upped their price target on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Finally, Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $14.20.
View Our Latest Research Report on HLMN
About Hillman Solutions
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Free Report)
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.
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