Intech Investment Management LLC Buys New Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Intech Investment Management LLC bought a new stake in Hillman Solutions Corp (NASDAQ:HLMN) during the third quarter, according to its most recent filing with the SEC. The firm bought 31,673 shares of the company’s stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLMN. Price T Rowe Associates Inc. MD grew its stake in Hillman Solutions by 167.3% in the 1st 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 during the last quarter. SG Americas Securities LLC grew its stake in Hillman Solutions by 297.3% in the 2nd quarter. SG Americas Securities LLC now owns 57,047 shares of the company’s stock valued at $505,000 after buying an additional 42,688 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Hillman Solutions by 63.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,049 shares of the company’s stock valued at $195,000 after buying an additional 8,567 shares during the last quarter. Reinhart Partners LLC. grew its stake in Hillman Solutions by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 6,978,392 shares of the company’s stock valued at $61,759,000 after buying an additional 58,387 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Hillman Solutions by 2.5% in the 2nd quarter. Raymond James & Associates now owns 559,356 shares of the company’s stock valued at $4,950,000 after buying an additional 13,755 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird boosted their price objective 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 set a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Finally, Barclays boosted their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

Insiders Place Their Bets

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction on Monday, November 18th. The shares were 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 $750,133.54. The trade was a 50.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $11.39 on Wednesday. The stock has a market cap of $2.24 billion, a P/E ratio of 284.82 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company has a fifty day moving average price of $10.75 and a two-hundred day moving average price of $9.85. Hillman Solutions Corp has a one year low of $7.51 and a one year high of $12.08.

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

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.