Hardy Reed LLC Buys Shares of 18,850 Hillman Solutions Corp (NASDAQ:HLMN)

Hardy Reed LLC bought a new stake in Hillman Solutions Corp (NASDAQ:HLMN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,850 shares of the company’s stock, valued at approximately $184,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Reinhart Partners LLC. lifted its stake in Hillman Solutions by 1.7% in the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock valued at $74,145,000 after buying an additional 130,273 shares during the period. Geode Capital Management LLC lifted its stake in Hillman Solutions by 2.5% in the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after buying an additional 113,692 shares during the period. WCM Investment Management LLC lifted its stake in Hillman Solutions by 1.5% in the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock valued at $34,724,000 after buying an additional 49,306 shares during the period. Natixis Advisors LLC raised its position in shares of Hillman Solutions by 0.5% during the third quarter. Natixis Advisors LLC now owns 2,512,226 shares of the company’s stock worth $26,529,000 after purchasing an additional 13,439 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Hillman Solutions by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,415,894 shares of the company’s stock worth $25,512,000 after purchasing an additional 95,022 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Stock Up 1.0 %

Shares of Hillman Solutions stock opened at $10.24 on Thursday. The business’s 50 day simple moving average is $10.03 and its 200 day simple moving average is $10.25. Hillman Solutions Corp has a 52-week low of $8.43 and a 52-week high of $12.08. The firm has a market cap of $2.01 billion, a PE ratio of 256.06 and a beta of 1.68. 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 announced its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The firm had revenue of $349.56 million during the quarter, compared to analyst estimates of $350.45 million. During the same period in the prior year, the business posted $0.10 EPS. On average, analysts predict that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Robert W. Baird dropped their price target on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays dropped their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

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.