Hillman Solutions Corp (NASDAQ:HLMN) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 131.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,611,051 shares of the company’s stock after purchasing an additional 914,151 shares during the quarter. Hillman Solutions comprises about 0.7% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Harbor Capital Advisors Inc.’s holdings in Hillman Solutions were worth $17,013,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HLMN. ProShare Advisors LLC lifted its holdings in Hillman Solutions by 8.5% in the first quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock worth $373,000 after acquiring an additional 2,762 shares during the last quarter. Anchor Capital Advisors LLC boosted its position in Hillman Solutions by 2.1% during the 1st quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company’s stock valued at $1,576,000 after purchasing an additional 3,037 shares during the period. Rhumbline Advisers grew its stake in Hillman Solutions by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after buying an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hillman Solutions by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after buying an additional 3,299 shares during the period. Finally, Capstone Investment Advisors LLC lifted its stake in Hillman Solutions by 23.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company’s stock valued at $228,000 after buying an additional 4,004 shares during the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Stock Performance

Shares of HLMN opened at $10.82 on Friday. The firm has a market capitalization of $2.12 billion, a PE ratio of 360.79 and a beta of 1.65. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $10.25 and a 200 day moving average price of $9.63. Hillman Solutions Corp has a 52-week low of $6.02 and a 52-week high of $11.15.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The business had revenue of $379.43 million during the quarter, compared to analysts’ expectations of $383.53 million. During the same period last year, the firm posted $0.13 earnings per share. On average, sell-side analysts anticipate that Hillman Solutions Corp will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on HLMN shares. Barclays upped their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Hillman Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $12.08.

Hillman Solutions Company 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.