Trust Point Inc. purchased a new stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 57,530 shares of the company's stock, valued at approximately $608,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HLMN. Price T Rowe Associates Inc. MD lifted its stake in Hillman Solutions by 167.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company's stock worth $2,660,000 after purchasing an additional 156,449 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hillman Solutions by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company's stock worth $177,455,000 after buying an additional 110,730 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Hillman Solutions by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company's stock valued at $7,137,000 after buying an additional 70,861 shares during the period. Clearbridge Investments LLC grew its position in Hillman Solutions by 4.8% during the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company's stock worth $51,155,000 after buying an additional 218,982 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its stake in Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company's stock worth $75,363,000 after acquiring an additional 225,480 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
HLMN has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price target on Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday. Barclays lifted their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Monday, August 12th. Finally, Benchmark reissued a "buy" rating and issued a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hillman Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.08.
Read Our Latest Research Report on Hillman Solutions
Hillman Solutions Price Performance
HLMN traded down $0.09 during midday trading on Friday, hitting $10.99. The stock had a trading volume of 900,023 shares, compared to its average volume of 899,804. The company has a market cap of $2.15 billion, a P/E ratio of -1,099.00 and a beta of 1.66. Hillman Solutions Corp has a 1 year low of $6.02 and a 1 year high of $11.15. The business has a fifty day moving average of $9.99 and a 200 day moving average of $9.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $379.43 million for the quarter, compared to analyst estimates of $383.53 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. During the same quarter last year, the firm earned $0.13 EPS. As a group, equities analysts forecast that Hillman Solutions Corp will post 0.52 earnings per share for the current fiscal 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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