Hardy Reed LLC Purchases New Shares in Hillman Solutions Corp (NASDAQ:HLMN)

Hardy Reed LLC purchased 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 and Exchange Commission. The firm purchased 18,850 shares of the company’s stock, valued at approximately $184,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HLMN. Creative Planning boosted its position in Hillman Solutions by 88.4% during the 3rd quarter. Creative Planning now owns 27,610 shares of the company’s stock worth $292,000 after acquiring an additional 12,957 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in Hillman Solutions during the 3rd quarter worth about $132,000. Bernzott Capital Advisors boosted its position in Hillman Solutions by 0.8% during the 3rd quarter. Bernzott Capital Advisors now owns 761,141 shares of the company’s stock worth $8,038,000 after acquiring an additional 5,882 shares during the period. US Bancorp DE boosted its position in Hillman Solutions by 508.2% during the 3rd quarter. US Bancorp DE now owns 18,660 shares of the company’s stock worth $197,000 after acquiring an additional 15,592 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Hillman Solutions by 23.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 72,533 shares of the company’s stock worth $766,000 after acquiring an additional 13,585 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

HLMN has been the subject of several research reports. Barclays reduced their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Robert W. Baird reduced their price target on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday. Benchmark reiterated a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a report on Wednesday. Finally, William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Insider Activity at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the transaction, the director now owns 55,811 shares in the company, valued at $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is owned by company insiders.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $10.24 on Thursday. The stock’s fifty day moving average is $10.03 and its 200-day moving average is $10.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The stock has a market capitalization of $2.01 billion, a PE ratio of 256.06 and a beta of 1.68. Hillman Solutions Corp has a 52 week low of $8.43 and a 52 week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. During the same quarter in the prior year, the business earned $0.10 EPS. Equities research analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

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.