T. Rowe Price Investment Management Inc. Takes Position in Hillman Solutions Corp (NASDAQ:HLMN)

T. Rowe Price Investment Management Inc. bought a new position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,775,126 shares of the company's stock, valued at approximately $17,290,000. T. Rowe Price Investment Management Inc. owned 0.90% of Hillman Solutions as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its position in Hillman Solutions by 4.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after buying an additional 1,061 shares during the period. Xponance Inc. boosted its position in Hillman Solutions by 10.1% during the 4th quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after buying an additional 1,297 shares during the period. HighTower Advisors LLC lifted its position in shares of Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock worth $1,404,000 after purchasing an additional 1,562 shares during the period. MetLife Investment Management LLC lifted its position in shares of Hillman Solutions by 2.0% in the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock worth $1,163,000 after purchasing an additional 2,391 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in shares of Hillman Solutions in the 4th quarter worth about $25,000. 98.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HLMN has been the subject of several research analyst reports. 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. Barclays dropped their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Baird R W cut shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Robert W. Baird reaffirmed a "neutral" rating and issued a $9.00 target price (down from $12.00) on shares of Hillman Solutions in a research report on Wednesday, April 16th. Finally, William Blair cut shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. 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, Hillman Solutions presently has a consensus rating of "Hold" and an average target price of $11.50.

Hillman Solutions Trading Up 0.1 %

Shares of NASDAQ HLMN opened at $7.67 on Monday. Hillman Solutions Corp has a 1 year low of $6.60 and a 1 year high of $12.08. The stock has a market cap of $1.51 billion, a P/E ratio of 95.89 and a beta of 1.67. The firm has a 50-day moving average of $8.74 and a 200 day moving average of $9.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The business had revenue of $349.56 million for the quarter, compared to analysts' expectations of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period last year, the business earned $0.10 earnings per share. As a group, sell-side analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Hillman Solutions Company Profile

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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