Northern Trust Corp Purchases 212,599 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Northern Trust Corp grew its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 8.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,671,789 shares of the company’s stock after buying an additional 212,599 shares during the quarter. Northern Trust Corp’s holdings in Hillman Solutions were worth $26,023,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its stake in Hillman Solutions by 4.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock worth $227,000 after buying an additional 1,061 shares during the last quarter. Xponance Inc. lifted its position in shares of Hillman Solutions by 10.1% during the fourth quarter. Xponance Inc. now owns 14,106 shares of the company’s stock worth $137,000 after purchasing an additional 1,297 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Hillman Solutions by 1.1% during the fourth quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock worth $1,404,000 after purchasing an additional 1,562 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Hillman Solutions by 2.0% during the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company’s stock worth $1,163,000 after purchasing an additional 2,391 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of Hillman Solutions during the fourth quarter worth approximately $25,000. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $7.75 on Monday. The firm has a fifty day moving average of $8.22 and a two-hundred day moving average of $9.63. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 96.89 and a beta of 1.70. Hillman Solutions Corp has a 52 week low of $6.64 and a 52 week high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $359.34 million during the quarter, compared to analysts’ expectations of $358.14 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. As a group, equities research analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current year.

Insider Activity at Hillman Solutions

In other news, CFO Robert O. Kraft acquired 140,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price 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 approximately $4,486,211.68. This represents a 28.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 5.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HLMN has been the topic of a number of research reports. Benchmark reiterated a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Baird R W lowered shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Robert W. Baird reduced their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Raymond James set a $10.00 target price on shares of Hillman Solutions and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Finally, Barclays cut their price objective on shares of Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of “Hold” and a consensus price target of $11.00.

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.