Raymond James Financial Inc. bought a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,162,022 shares of the company's stock, valued at approximately $11,318,000. Raymond James Financial Inc. owned approximately 0.59% of Hillman Solutions at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Hillman Solutions by 91.8% during the 4th quarter. Victory Capital Management Inc. now owns 74,658 shares of the company's stock worth $727,000 after acquiring an additional 35,725 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hillman Solutions by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock valued at $24,244,000 after purchasing an additional 73,216 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Hillman Solutions by 285.7% during the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after purchasing an additional 5,915 shares in the last quarter. Bailard Inc. raised its holdings in Hillman Solutions by 12.1% during the fourth quarter. Bailard Inc. now owns 42,500 shares of the company's stock worth $414,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Hillman Solutions by 4.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 78,807 shares of the company's stock worth $768,000 after buying an additional 3,476 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.
Analysts Set New Price Targets
HLMN has been the topic of several research analyst reports. Robert W. Baird cut their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Barclays cut their target price on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Benchmark reissued a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, William Blair lowered 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 stock. Based on data from MarketBeat.com, Hillman Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.60.
View Our Latest Stock Analysis on HLMN
Hillman Solutions Stock Performance
Shares of HLMN traded up $0.06 during mid-day trading on Monday, hitting $9.04. 1,296,251 shares of the company's stock were exchanged, compared to its average volume of 876,344. The business's 50 day moving average is $9.85 and its two-hundred day moving average is $10.26. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.78 billion, a P/E ratio of 113.01 and a beta of 1.68. Hillman Solutions Corp has a fifty-two week low of $8.43 and a fifty-two week high of $12.08.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results 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 net margin of 1.17% and a return on equity of 8.79%. The company had revenue of $349.56 million during the quarter, compared to analysts' expectations of $350.45 million. During the same quarter last year, the business posted $0.10 earnings per share. On average, equities analysts expect 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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