Madison Investment Advisors LLC acquired a new stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 102,662 shares of the company's stock, valued at approximately $1,000,000. Madison Investment Advisors LLC owned 0.05% of Hillman Solutions at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Hillman Solutions during the fourth quarter worth $11,318,000. Nordea Investment Management AB acquired a new stake in Hillman Solutions in the fourth quarter valued at $4,631,000. Barclays PLC lifted its holdings in Hillman Solutions by 326.8% in the third quarter. Barclays PLC now owns 305,468 shares of the company's stock valued at $3,226,000 after acquiring an additional 233,894 shares during the period. Telemark Asset Management LLC lifted its holdings in Hillman Solutions by 20.0% in 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 period. Finally, Reinhart Partners LLC. lifted its holdings in Hillman Solutions by 1.7% in the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock valued at $74,145,000 after acquiring an additional 130,273 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have commented on HLMN. Robert W. Baird reduced their target price on Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Barclays reduced their target price on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. Benchmark reissued a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, William Blair cut Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.60.
Get Our Latest Stock Analysis on HLMN
Hillman Solutions Price Performance
Shares of HLMN stock traded up $0.09 during mid-day trading on Wednesday, reaching $9.08. The stock had a trading volume of 1,397,858 shares, compared to its average volume of 870,457. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The company has a market cap of $1.79 billion, a P/E ratio of 113.51 and a beta of 1.68. The business has a 50-day simple moving average of $9.88 and a 200 day simple moving average of $10.28. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The company had revenue of $349.56 million for the quarter, compared to analysts' expectations of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter in the prior year, the business posted $0.10 EPS. On average, sell-side analysts anticipate that Hillman Solutions Corp will post 0.58 earnings per share for the current year.
About Hillman Solutions
(
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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