743,249 Shares in Hillman Solutions Corp. $HLMN Acquired by Congruence Capital LLC

Congruence Capital LLC acquired a new position in Hillman Solutions Corp. (NASDAQ:HLMN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 743,249 shares of the company’s stock, valued at approximately $6,437,000. Hillman Solutions comprises approximately 2.4% of Congruence Capital LLC’s investment portfolio, making the stock its 19th largest position. Congruence Capital LLC owned 0.38% of Hillman Solutions as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in Hillman Solutions in the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC bought a new position in Hillman Solutions in the 4th quarter worth approximately $37,000. Brown Brothers Harriman & Co. bought a new position in Hillman Solutions in the 3rd quarter worth approximately $59,000. Advisory Services Network LLC bought a new position in Hillman Solutions in the 3rd quarter worth approximately $63,000. Finally, Quadrant Capital Group LLC bought a new position in Hillman Solutions in the 4th quarter worth approximately $74,000. Institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HLMN. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Hillman Solutions in a research note on Tuesday, March 24th. Benchmark reduced their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hillman Solutions currently has an average rating of “Hold” and an average target price of $12.50.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $7.72 on Friday. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $10.85. The stock has a market cap of $1.51 billion, a PE ratio of 40.63, a PEG ratio of 1.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 2.95. The firm’s 50 day moving average price is $7.91 and its two-hundred day moving average price is $8.62.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $370.07 million during the quarter, compared to the consensus estimate of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. Hillman Solutions’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. As a group, analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current year.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.