State of New Jersey Common Pension Fund D Buys 74,593 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

State of New Jersey Common Pension Fund D boosted its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 27.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,539 shares of the company’s stock after buying an additional 74,593 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hillman Solutions were worth $3,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Hillman Solutions by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,156,902 shares of the company’s stock worth $158,044,000 after purchasing an additional 1,613,190 shares in the last quarter. Cercano Management LLC purchased a new position in shares of Hillman Solutions in the 3rd quarter worth $10,929,000. Conestoga Capital Advisors LLC boosted its stake in shares of Hillman Solutions by 13.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 9,180,793 shares of the company’s stock worth $84,555,000 after buying an additional 1,107,675 shares during the last quarter. Comerica Bank purchased a new position in shares of Hillman Solutions in the 3rd quarter worth $5,614,000. Finally, Reinhart Partners LLC. boosted its stake in shares of Hillman Solutions by 11.0% in the 4th quarter. Reinhart Partners LLC. now owns 6,717,618 shares of the company’s stock worth $61,869,000 after buying an additional 663,417 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Insider Activity

In other news, COO Jon Michael Adinolfi sold 110,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $9.81, for a total value of $1,079,100.00. Following the transaction, the chief operating officer now directly owns 659,889 shares in the company, valued at $6,473,511.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John W. Swygert sold 7,207 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total value of $70,196.18. Following the transaction, the director now directly owns 24,999 shares in the company, valued at $243,490.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jon Michael Adinolfi sold 110,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $9.81, for a total value of $1,079,100.00. Following the completion of the transaction, the chief operating officer now owns 659,889 shares in the company, valued at $6,473,511.09. The disclosure for this sale can be found here. Insiders have sold 618,658 shares of company stock worth $5,958,077 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays raised their price target on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Stifel Nicolaus restated a “buy” rating and issued a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. Finally, Canaccord Genuity Group raised their price target on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.63.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $9.74 on Friday. The company has a current ratio of 2.46, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The business’s fifty day moving average is $9.85 and its 200 day moving average is $8.71. Hillman Solutions Corp has a fifty-two week low of $6.02 and a fifty-two week high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $347.81 million for the quarter, compared to the consensus estimate of $344.98 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. Hillman Solutions’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Research analysts forecast that Hillman Solutions Corp will post 0.49 EPS for the current fiscal year.

Hillman Solutions 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.