Counterpoint Mutual Funds LLC Makes New $278,000 Investment in Hillman Solutions Corp (NASDAQ:HLMN)

Counterpoint Mutual Funds LLC purchased a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,573 shares of the company's stock, valued at approximately $278,000.

A number of other hedge funds have also bought and sold shares of HLMN. R Squared Ltd bought a new position in Hillman Solutions during the fourth quarter worth about $32,000. First Horizon Advisors Inc. increased its position in Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock worth $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 worth about $43,000. Venturi Wealth Management LLC increased its holdings in 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 buying an additional 6,500 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after buying an additional 5,915 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock traded down $0.01 during midday trading on Friday, hitting $8.98. 1,669,521 shares of the company traded hands, compared to its average volume of 873,681. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 112.26 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The firm's fifty day moving average price is $9.85 and its 200-day moving average price is $10.26. Hillman Solutions Corp has a 12 month low of $8.43 and a 12 month high of $12.08.

Remove Ads

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period last year, the firm posted $0.10 earnings per share. As a group, sell-side analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HLMN shares. Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Robert W. Baird dropped their target price on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Barclays dropped 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 report on Thursday, January 16th. Finally, William Blair cut shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $13.60.

About Hillman Solutions

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.