Hillman Solutions Corp (NASDAQ:HLMN) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 19.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,461 shares of the company’s stock after purchasing an additional 13,604 shares during the quarter. LPL Financial LLC’s holdings in Hillman Solutions were worth $752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its stake in Hillman Solutions by 50.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,922,967 shares of the company’s stock worth $142,491,000 after purchasing an additional 5,643,162 shares in the last quarter. Vanguard Group Inc. grew its stake in Hillman Solutions by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 11,455,150 shares of the company’s stock worth $86,372,000 after purchasing an additional 370,155 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Hillman Solutions by 5.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,577,697 shares of the company’s stock worth $89,063,000 after buying an additional 521,444 shares during the last quarter. BlackRock Inc. lifted its holdings in Hillman Solutions by 6.4% during the 1st quarter. BlackRock Inc. now owns 9,524,558 shares of the company’s stock worth $80,197,000 after buying an additional 575,502 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in Hillman Solutions by 22.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,087,026 shares of the company’s stock worth $81,874,000 after buying an additional 1,665,633 shares during the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Stock Up 1.5 %

HLMN opened at $7.30 on Tuesday. The business has a 50 day moving average price of $7.57 and a two-hundred day moving average price of $8.44. The company has a quick ratio of 0.85, a current ratio of 2.55 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.42 billion, a PE ratio of -104.29 and a beta of 1.63. Hillman Solutions Corp has a 52 week low of $6.02 and a 52 week high of $10.28.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $398.94 million for the quarter, compared to analysts’ expectations of $396.35 million. Hillman Solutions had a negative net margin of 0.91% and a positive return on equity of 5.89%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, research analysts anticipate that Hillman Solutions Corp will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Raymond James decreased their price target on Hillman Solutions from $10.50 to $9.50 and set an “outperform” rating for the company in a report on Thursday, November 9th. Benchmark decreased their price target on Hillman Solutions from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 10th. Barclays decreased their price target on Hillman Solutions from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. Finally, TheStreet downgraded Hillman Solutions from a “c-” rating to a “d+” rating in a report on Tuesday, October 31st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $10.75.

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.