LPL Financial LLC Acquires 51,085 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

LPL Financial LLC boosted its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 35.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,187 shares of the company's stock after buying an additional 51,085 shares during the quarter. LPL Financial LLC owned approximately 0.10% of Hillman Solutions worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of HLMN. Raymond James Financial Inc. bought a new stake in Hillman Solutions in the fourth quarter valued at approximately $11,318,000. Nordea Investment Management AB purchased a new stake in Hillman Solutions during the 4th quarter valued at $4,631,000. Barclays PLC grew its holdings in Hillman Solutions by 326.8% in 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 during the last quarter. Teacher Retirement System of Texas increased its position in shares of Hillman Solutions by 456.3% in the fourth quarter. Teacher Retirement System of Texas now owns 197,036 shares of the company's stock valued at $1,919,000 after acquiring an additional 161,615 shares during the period. Finally, Telemark Asset Management LLC raised its stake 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 valued at $8,766,000 after acquiring an additional 150,000 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Up 1.1 %

NASDAQ HLMN traded up $0.08 during trading hours on Friday, reaching $7.63. 1,426,098 shares of the company's stock traded hands, compared to its average volume of 964,437. Hillman Solutions Corp has a 52-week low of $7.24 and a 52-week high of $12.08. 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 firm has a 50-day simple moving average of $9.01 and a 200 day simple moving average of $9.95. The firm has a market cap of $1.51 billion, a PE ratio of 95.39 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its 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). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business had revenue of $349.56 million for the quarter, compared to analysts' expectations of $350.45 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. Sell-side analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HLMN shares. Robert W. Baird reaffirmed a "neutral" rating and set a $9.00 price target (down previously from $12.00) on shares of Hillman Solutions in a research report on Wednesday. Benchmark reaffirmed a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. William Blair cut shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Barclays lowered their price objective on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.50.

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.