State of New Jersey Common Pension Fund D Trims Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

State of New Jersey Common Pension Fund D lessened its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 27.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,737 shares of the company’s stock after selling 80,187 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.11% of Hillman Solutions worth $1,847,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. ProShare Advisors LLC raised its position in Hillman Solutions by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock valued at $373,000 after purchasing an additional 2,762 shares during the last quarter. Anchor Capital Advisors LLC raised its position in Hillman Solutions by 2.1% in 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 last quarter. Rhumbline Advisers raised its position in Hillman Solutions by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after purchasing an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hillman Solutions by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock valued at $382,000 after purchasing an additional 3,299 shares during the last quarter. Finally, Capstone Investment Advisors LLC raised its position in Hillman Solutions by 23.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company’s stock valued at $228,000 after purchasing an additional 4,004 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. Barclays upped their price objective 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Hillman Solutions has an average rating of “Moderate Buy” and a consensus target price of $11.92.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $10.57 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a fifty-two week low of $6.02 and a fifty-two week high of $10.85. The stock has a market cap of $2.07 billion, a PE ratio of -1,057.00 and a beta of 1.66. The firm’s fifty day simple moving average is $9.72 and its 200-day simple moving average is $9.56.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $383.53 million. During the same period in the prior year, the company posted $0.13 EPS. Analysts expect that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

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.