Eagle Asset Management Inc. Has $11.77 Million Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Eagle Asset Management Inc. raised its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,053,878 shares of the company’s stock after acquiring an additional 23,247 shares during the quarter. Eagle Asset Management Inc.’s holdings in Hillman Solutions were worth $11,767,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Hillman Solutions by 167.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock valued at $2,660,000 after buying an additional 156,449 shares in the last quarter. WCM Investment Management LLC grew its position in Hillman Solutions by 1.5% during the 3rd quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after acquiring an additional 49,306 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Hillman Solutions by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock worth $7,137,000 after purchasing an additional 70,861 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after purchasing an additional 914,151 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of Hillman Solutions by 2.7% during the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after purchasing an additional 225,480 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Stock Performance

Shares of HLMN opened at $11.28 on Friday. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $9.78. Hillman Solutions Corp has a 12 month low of $7.06 and a 12 month high of $12.08. The stock has a market capitalization of $2.22 billion, a P/E ratio of 282.07 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. As a group, analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current year.

Insider Activity

In related news, insider Scott Ride sold 72,523 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the transaction, the insider now directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This represents a 50.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HLMN shares. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird lifted their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Finally, Barclays lifted their target price on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hillman Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

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.