Fmr LLC Grows Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Fmr LLC increased its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 338.9% in the third quarter, HoldingsChannel.com reports. The firm owned 22,199 shares of the company’s stock after buying an additional 17,141 shares during the period. Fmr LLC’s holdings in Hillman Solutions were worth $234,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HLMN. First Horizon Advisors Inc. lifted its stake in Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after purchasing an additional 2,317 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Hillman Solutions in the 2nd quarter valued at $57,000. Benjamin F. Edwards & Company Inc. lifted its stake in Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after acquiring an additional 4,473 shares in the last quarter. Institute for Wealth Management LLC. purchased a new position in Hillman Solutions during the 2nd quarter valued at about $101,000. Finally, Stratos Wealth Advisors LLC acquired a new position in Hillman Solutions in the 3rd quarter valued at about $132,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Trading Down 0.4 %

NASDAQ HLMN opened at $9.96 on Friday. Hillman Solutions Corp has a 52 week low of $8.43 and a 52 week high of $12.08. The firm has a 50 day moving average of $10.92 and a two-hundred day moving average of $10.00. 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 market capitalization of $1.96 billion, a PE ratio of 249.06 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The firm had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Insider Activity

In other news, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Ride sold 72,523 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Robert W. Baird increased their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group increased their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Benchmark raised their price target on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Barclays upped their price objective on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $14.20.

About Hillman Solutions

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.