Raymond James & Associates Sells 42,078 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Raymond James & Associates lessened its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 517,278 shares of the company’s stock after selling 42,078 shares during the period. Raymond James & Associates’ holdings in Hillman Solutions were worth $5,462,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Conestoga Capital Advisors LLC boosted its holdings in shares of Hillman Solutions by 3.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock valued at $85,125,000 after buying an additional 328,740 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Hillman Solutions by 2.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after buying an additional 225,480 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after buying an additional 503,809 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Hillman Solutions by 158.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock worth $62,518,000 after purchasing an additional 4,336,039 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Hillman Solutions by 4.8% in the 1st quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock worth $51,155,000 after purchasing an additional 218,982 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HLMN. 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 note on Monday, August 12th. Benchmark reiterated a “buy” rating and issued a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group upped their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.08.

Hillman Solutions Price Performance

HLMN opened at $10.82 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. The stock has a market capitalization of $2.12 billion, a P/E ratio of 360.79 and a beta of 1.66. The company’s 50-day simple moving average is $10.25 and its two-hundred day simple moving average is $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 earnings results 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. The business had revenue of $379.43 million for the quarter, compared to analysts’ expectations of $383.53 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. During the same quarter in the prior year, the business earned $0.13 EPS. As a group, analysts predict that Hillman Solutions Corp will post 0.52 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.