Nordea Investment Management AB Takes Position in Hillman Solutions Corp (NASDAQ:HLMN)

Nordea Investment Management AB acquired a new stake in Hillman Solutions Corp (NASDAQ:HLMN) during the fourth quarter, HoldingsChannel reports. The fund acquired 474,482 shares of the company’s stock, valued at approximately $4,631,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after buying an additional 2,317 shares in the last quarter. Quarry LP acquired a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $43,000. Canada Pension Plan Investment Board bought a new stake in shares of Hillman Solutions during the 2nd quarter valued at approximately $57,000. Benjamin F. Edwards & Company Inc. increased its position 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 purchasing an additional 4,473 shares in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new position in Hillman Solutions in the 3rd quarter valued at approximately $132,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLMN has been the subject of several research analyst reports. Benchmark upped their price target on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Barclays lifted their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group lifted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $14.20.

Hillman Solutions Trading Down 2.0 %

NASDAQ HLMN opened at $9.29 on Friday. Hillman Solutions Corp has a 52 week low of $8.43 and a 52 week high of $12.08. The business has a 50 day moving average price of $10.61 and a 200-day moving average price of $10.09. 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 company has a market cap of $1.83 billion, a price-to-earnings ratio of 232.31 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $389.50 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts expect that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares of the company’s stock, valued at $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 value of $773,095.18. Following the transaction, the insider now directly owns 70,369 shares in the company, valued at $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Hillman Solutions 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.