Hillman Solutions Corp (NASDAQ:HLMN) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,637,883 shares of the company’s stock after acquiring an additional 26,832 shares during the period. Hillman Solutions makes up approximately 0.7% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Harbor Capital Advisors Inc. owned about 0.83% of Hillman Solutions worth $15,953,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HLMN. Burgundy Asset Management Ltd. lifted its position in Hillman Solutions by 2.7% during the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock worth $75,363,000 after buying an additional 225,480 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after acquiring an additional 503,809 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Hillman Solutions by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock worth $75,588,000 after acquiring an additional 93,759 shares during the period. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after acquiring an additional 578,042 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after purchasing an additional 113,692 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HLMN. Benchmark boosted their price target on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays increased their target price 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. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird upped their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.20.

Insiders Place Their Bets

In related news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, the director now owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the sale, the insider now owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock traded down $0.24 during trading on Friday, reaching $9.24. The company’s stock had a trading volume of 217,626 shares, compared to its average volume of 748,676. The firm has a market cap of $1.82 billion, a PE ratio of 231.06 and a beta of 1.68. The company has a 50-day moving average price of $10.64 and a two-hundred day moving average price of $10.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a fifty-two week low of $8.43 and a fifty-two week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. On average, analysts forecast that Hillman Solutions Corp will post 0.53 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.