Hillman Solutions Corp (NASDAQ:HLMN) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC raised its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,510 shares of the company’s stock after purchasing an additional 3,633 shares during the period. EP Wealth Advisors LLC’s holdings in Hillman Solutions were worth $229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at about $3,957,000. Cetera Investment Advisers lifted its holdings in shares of Hillman Solutions by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock valued at $329,000 after purchasing an additional 1,325 shares in the last quarter. Bosun Asset Management LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at about $445,000. Bridgefront Capital LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at about $187,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at about $150,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Activity at Hillman Solutions

In other news, CFO Robert O. Kraft bought 140,000 shares of Hillman Solutions stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the acquisition, the chief financial officer now owns 632,752 shares of the company’s stock, valued at $4,486,211.68. The trade was a 28.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HLMN. Benchmark reaffirmed a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Raymond James set a $10.00 price target on shares of Hillman Solutions and gave the company an “outperform” rating in a report on Wednesday, April 30th. Baird R W downgraded shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Barclays reduced their price objective on shares of Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird reduced their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.00.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $8.36 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.65 billion, a P/E ratio of 104.51 and a beta of 1.70. Hillman Solutions Corp has a fifty-two week low of $6.64 and a fifty-two week high of $12.08. The firm’s 50 day moving average is $8.17 and its two-hundred day moving average is $9.61.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $359.34 million for the quarter, compared to analysts’ expectations of $358.14 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current 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.