First Trust Advisors LP Sells 2,746 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

First Trust Advisors LP trimmed its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,849 shares of the company’s stock after selling 2,746 shares during the period. First Trust Advisors LP’s holdings in Hillman Solutions were worth $554,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in Hillman Solutions by 2,642.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 71,300 shares of the company’s stock valued at $694,000 after purchasing an additional 68,700 shares during the last quarter. Mariner LLC grew its stake in shares of Hillman Solutions by 21.0% in the fourth quarter. Mariner LLC now owns 49,314 shares of the company’s stock valued at $480,000 after buying an additional 8,548 shares in the last quarter. Barclays PLC increased its holdings in Hillman Solutions by 11.2% during the fourth quarter. Barclays PLC now owns 339,733 shares of the company’s stock worth $3,309,000 after buying an additional 34,265 shares during the last quarter. Sterling Capital Management LLC raised its position in Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after acquiring an additional 4,572 shares in the last quarter. Finally, Zuckerman Investment Group LLC lifted its stake in Hillman Solutions by 41.4% in the fourth quarter. Zuckerman Investment Group LLC now owns 1,149,110 shares of the company’s stock valued at $11,169,000 after acquiring an additional 336,576 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Trading Up 0.9 %

Shares of NASDAQ:HLMN opened at $7.75 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of 96.89 and a beta of 1.70. The business’s 50 day simple moving average is $8.22 and its 200 day simple moving average is $9.64. Hillman Solutions Corp has a 1 year low of $6.64 and a 1 year high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $359.34 million for the quarter, compared to analyst estimates of $358.14 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. On average, research analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HLMN shares. Baird R W lowered shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Benchmark reiterated a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays decreased their target price on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird dropped their price target on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Finally, Raymond James set a $10.00 price target on Hillman Solutions and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.00.

Insider Activity

In other Hillman Solutions news, CFO Robert O. Kraft acquired 140,000 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the transaction, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This represents a 28.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

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.