Bank of New York Mellon Corp Has $6.81 Million Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Bank of New York Mellon Corp raised its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 699,403 shares of the company’s stock after acquiring an additional 6,653 shares during the period. Bank of New York Mellon Corp’s holdings in Hillman Solutions were worth $6,812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Hillman Solutions in the 4th quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its position in shares of 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 buying an additional 2,317 shares during the period. Quarry LP acquired a new stake in Hillman Solutions in the third quarter worth $43,000. Venturi Wealth Management LLC grew its holdings in Hillman Solutions by 1,337.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock worth $68,000 after purchasing an additional 6,500 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Hillman Solutions in the fourth quarter worth $106,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird dropped their price objective 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. William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Barclays lowered their price objective on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Benchmark reissued a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hillman Solutions has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $9.25 on Monday. The firm’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $10.29. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.83 billion, a PE ratio of 115.64 and a beta of 1.68. Hillman Solutions Corp has a 1-year low of $8.43 and a 1-year high of $12.08.

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

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.