Vanguard Group Inc. Buys 110,730 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Vanguard Group Inc. raised its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,267,632 shares of the company’s stock after acquiring an additional 110,730 shares during the quarter. Vanguard Group Inc. owned about 9.87% of Hillman Solutions worth $177,455,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. AXQ Capital LP bought a new stake in Hillman Solutions in the 3rd quarter valued at $103,000. Capstone Investment Advisors LLC acquired a new stake in shares of Hillman Solutions during the fourth quarter worth $160,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hillman Solutions in the fourth quarter valued at about $208,000. Bailard Inc. acquired a new stake in Hillman Solutions in the 4th quarter worth about $215,000. Finally, Glenmede Trust Co. NA boosted its stake in shares of Hillman Solutions by 12.3% in the third quarter. Glenmede Trust Co. NA now owns 33,259 shares of the company’s stock valued at $274,000 after buying an additional 3,649 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HLMN. Robert W. Baird upped their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 price target (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.75.

Hillman Solutions Trading Down 0.2 %

HLMN opened at $8.76 on Thursday. The company has a market cap of $1.72 billion, a P/E ratio of -876.00 and a beta of 1.66. The company has a current ratio of 2.49, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $9.20 and its 200-day moving average is $9.34. Hillman Solutions Corp has a 1-year low of $6.02 and a 1-year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The firm had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $354.47 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Equities research analysts predict that Hillman Solutions Corp will post 0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Aaron Jagdfeld sold 49,447 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total transaction of $447,000.88. Following the sale, the director now directly owns 197,031 shares in the company, valued at $1,781,160.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

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.