Victory Capital Management Inc. Grows Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Victory Capital Management Inc. lifted its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 91.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,658 shares of the company's stock after purchasing an additional 35,725 shares during the quarter. Victory Capital Management Inc.'s holdings in Hillman Solutions were worth $727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $381,000. First Horizon Advisors Inc. grew its position in Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock worth $35,000 after acquiring an additional 2,317 shares during the period. Intech Investment Management LLC purchased a new stake in Hillman Solutions in the third quarter valued at $334,000. Charles Schwab Investment Management Inc. raised its position in Hillman Solutions by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,415,894 shares of the company's stock valued at $25,512,000 after purchasing an additional 95,022 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in shares of Hillman Solutions by 2.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,053,878 shares of the company's stock valued at $11,767,000 after purchasing an additional 23,247 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research analysts have commented on HLMN shares. Benchmark restated a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. William Blair lowered Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. 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. Finally, Barclays decreased their price objective 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $13.60.

Hillman Solutions Stock Performance

NASDAQ HLMN traded down $0.01 during trading hours on Tuesday, hitting $9.03. 836,647 shares of the stock were exchanged, compared to its average volume of 876,029. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $9.84 and a 200 day moving average of $10.26. 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 $1.78 billion, a price-to-earnings ratio of 112.89 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate 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 previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current 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.