JPMorgan Chase & Co. lifted its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,158,013 shares of the company's stock after buying an additional 509,016 shares during the period. JPMorgan Chase & Co. owned 4.66% of Hillman Solutions worth $89,199,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Hillman Solutions during the fourth quarter worth $11,318,000. Nordea Investment Management AB bought a new position in shares of Hillman Solutions during the 4th quarter valued at about $4,631,000. Barclays PLC grew its stake in shares of Hillman Solutions by 326.8% during the 3rd quarter. Barclays PLC now owns 305,468 shares of the company's stock worth $3,226,000 after acquiring an additional 233,894 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Hillman Solutions by 456.3% during the 4th quarter. Teacher Retirement System of Texas now owns 197,036 shares of the company's stock worth $1,919,000 after purchasing an additional 161,615 shares in the last quarter. Finally, Telemark Asset Management LLC boosted its holdings in shares of Hillman Solutions by 20.0% during the fourth quarter. Telemark Asset Management LLC now owns 900,000 shares of the company's stock worth $8,766,000 after acquiring an additional 150,000 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.
Hillman Solutions Price Performance
NASDAQ:HLMN traded down $0.14 during trading hours on Friday, hitting $8.01. The company's stock had a trading volume of 3,859,480 shares, compared to its average volume of 915,326. Hillman Solutions Corp has a 52-week low of $7.35 and a 52-week high of $12.08. The company has a market capitalization of $1.58 billion, a PE ratio of 100.14 and a beta of 1.67. The business's 50-day moving average is $9.59 and its two-hundred day moving average is $10.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The company had revenue of $349.56 million during the quarter, compared to analyst estimates of $350.45 million. During the same period in the previous year, the company earned $0.10 EPS. As a group, research analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on HLMN shares. Barclays dropped 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 report on Thursday, January 16th. William Blair cut Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Robert W. Baird cut their price objective on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Benchmark reiterated a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.00.
Get Our Latest Analysis on Hillman Solutions
Hillman Solutions Profile
(
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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