Jones Financial Companies Lllp Acquires 5,915 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Jones Financial Companies Lllp boosted its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 285.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,985 shares of the company’s stock after acquiring an additional 5,915 shares during the period. Jones Financial Companies Lllp’s holdings in Hillman Solutions were worth $78,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Bailard Inc. lifted its holdings in shares of Hillman Solutions by 12.1% during the fourth quarter. Bailard Inc. now owns 42,500 shares of the company’s stock valued at $414,000 after purchasing an additional 4,600 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Hillman Solutions by 4.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 78,807 shares of the company’s stock valued at $768,000 after buying an additional 3,476 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Hillman Solutions by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 699,403 shares of the company’s stock valued at $6,812,000 after buying an additional 6,653 shares during the last quarter. Hardy Reed LLC bought a new stake in Hillman Solutions in the fourth quarter worth $184,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Hillman Solutions by 6.9% in the fourth quarter. Handelsbanken Fonder AB now owns 60,100 shares of the company’s stock worth $585,000 after acquiring an additional 3,900 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several recent analyst reports. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Barclays dropped their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird reduced their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN opened at $9.25 on Monday. 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 firm’s 50-day moving average price is $9.90 and its 200-day moving average price is $10.29. Hillman Solutions Corp has a 52-week low of $8.43 and a 52-week high of $12.08. The company has a market cap of $1.83 billion, a PE ratio of 115.64 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $349.56 million during 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 firm posted $0.10 EPS. As a group, analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current year.

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.