Jennison Associates LLC Takes Position in Hillman Solutions Corp. $HLMN

Jennison Associates LLC purchased a new stake in Hillman Solutions Corp. (NASDAQ:HLMN) in the 4th quarter, HoldingsChannel reports. The fund purchased 109,694 shares of the company’s stock, valued at approximately $950,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLMN. Reinhart Partners LLC. grew its position in Hillman Solutions by 4.2% during the 3rd quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock worth $96,129,000 after purchasing an additional 418,313 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hillman Solutions by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 8,478,127 shares of the company’s stock valued at $77,829,000 after purchasing an additional 257,953 shares in the last quarter. UBS Group AG lifted its holdings in shares of Hillman Solutions by 112.2% in the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after purchasing an additional 1,412,693 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Hillman Solutions by 86.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,492,352 shares of the company’s stock worth $10,655,000 after buying an additional 693,838 shares during the period. Finally, Anchor Capital Management Company LLC boosted its position in shares of Hillman Solutions by 102.5% in the third quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock worth $13,015,000 after buying an additional 717,772 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HLMN shares. Canaccord Genuity Group reissued a “buy” rating and set a $14.00 price target on shares of Hillman Solutions in a research report on Tuesday, March 24th. Benchmark lowered their target price on 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 downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings lowered shares of Hillman Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $7.86 on Monday. Hillman Solutions Corp. has a 12 month low of $6.55 and a 12 month high of $10.85. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.55 billion, a P/E ratio of 41.37, a P/E/G ratio of 1.09 and a beta of 1.47. The company’s fifty day simple moving average is $8.35 and its 200-day simple moving average is $8.94.

Hillman Solutions (NASDAQ:HLMN) last released 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). Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The firm had revenue of $370.07 million for the quarter, compared to analyst estimates of $371.73 million. During the same period in the previous year, the business posted $0.10 EPS. Hillman Solutions’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In other news, insider Amanda Kitzberger sold 11,804 shares of Hillman Solutions stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the sale, the insider directly owned 72,605 shares in the company, valued at $601,895.45. The trade was a 13.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is owned by company insiders.

Hillman Solutions Profile

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.