KLP Kapitalforvaltning AS Makes New $409,000 Investment in Hillman Solutions Corp (NASDAQ:HLMN)

KLP Kapitalforvaltning AS bought a new stake in Hillman Solutions Corp (NASDAQ:HLMN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 42,000 shares of the company’s stock, valued at approximately $409,000.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB purchased a new stake in Hillman Solutions during the 4th quarter worth $4,631,000. Sanctuary Advisors LLC grew its stake in shares of Hillman Solutions by 20.0% during the third quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock valued at $357,000 after acquiring an additional 5,273 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Hillman Solutions by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company’s stock worth $24,244,000 after acquiring an additional 73,216 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Hillman Solutions by 108.9% in the fourth quarter. Intech Investment Management LLC now owns 66,158 shares of the company’s stock worth $644,000 after acquiring an additional 34,485 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Hillman Solutions by 326.8% in the third quarter. Barclays PLC now owns 305,468 shares of the company’s stock valued at $3,226,000 after purchasing an additional 233,894 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

HLMN stock opened at $8.01 on Friday. The stock’s 50 day simple moving average is $9.59 and its 200 day simple moving average is $10.19. Hillman Solutions Corp has a 12-month low of $7.35 and a 12-month high of $12.08. The firm has a market cap of $1.58 billion, a P/E ratio of 100.14 and a beta of 1.68. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last issued 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). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. During the same period last year, the company posted $0.10 earnings per share. As a group, equities research analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current year.

Analysts Set New Price Targets

HLMN has been the topic of several analyst reports. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Benchmark restated a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays reduced 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 note on Thursday, January 16th. Finally, Robert W. Baird dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.00.

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.