Raymond James & Associates Increases Position in Hillman Solutions Corp (NASDAQ:HLMN)

Raymond James & Associates boosted its holdings in Hillman Solutions Corp (NASDAQ:HLMNGet Rating) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 349,617 shares of the company’s stock after acquiring an additional 22,409 shares during the period. Raymond James & Associates owned 0.18% of Hillman Solutions worth $2,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HLMN. DAVENPORT & Co LLC purchased a new stake in shares of Hillman Solutions during the second quarter valued at approximately $587,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Hillman Solutions during the second quarter worth approximately $118,000. ProShare Advisors LLC acquired a new position in Hillman Solutions in the second quarter worth $131,000. Clearbridge Investments LLC boosted its holdings in Hillman Solutions by 5.4% in the second quarter. Clearbridge Investments LLC now owns 2,125,557 shares of the company’s stock worth $18,365,000 after purchasing an additional 108,127 shares during the period. Finally, BOKF NA acquired a new position in Hillman Solutions in the second quarter worth $418,000.

Wall Street Analysts Forecast Growth

HLMN has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a $10.00 price objective (down from $15.00) on shares of Hillman Solutions in a research note on Wednesday, November 2nd. Raymond James lowered their price target on Hillman Solutions from $12.00 to $10.50 and set an “outperform” rating for the company in a research note on Friday, October 14th.

Hillman Solutions Stock Up 2.2 %

Shares of HLMN stock opened at $9.00 on Friday. The stock has a 50 day moving average of $7.75 and a 200-day moving average of $8.16. The company has a quick ratio of 0.67, a current ratio of 2.66 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.75 billion, a PE ratio of 900.90 and a beta of 1.35. Hillman Solutions Corp has a 12 month low of $6.59 and a 12 month high of $12.45.

Hillman Solutions (NASDAQ:HLMNGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Hillman Solutions had a return on equity of 7.32% and a net margin of 0.27%. The firm had revenue of $378.54 million for the quarter, compared to analysts’ expectations of $388.30 million. On average, equities analysts predict that Hillman Solutions Corp will post 0.36 EPS for the current year.

Insider Activity

In related news, CTO Scott Kelley Moore bought 13,000 shares of the business’s stock in a transaction on Tuesday, November 29th. The shares were purchased at an average price of $7.58 per share, with a total value of $98,540.00. Following the completion of the purchase, the chief technology officer now owns 62,275 shares of the company’s stock, valued at approximately $472,044.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Douglas Cahill acquired 129,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The stock was acquired at an average cost of $7.71 per share, for a total transaction of $994,590.00. Following the completion of the acquisition, the chief executive officer now owns 402,628 shares in the company, valued at $3,104,261.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Scott Kelley Moore acquired 13,000 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was acquired at an average cost of $7.58 per share, with a total value of $98,540.00. Following the completion of the transaction, the chief technology officer now owns 62,275 shares of the company’s stock, valued at $472,044.50. The disclosure for this purchase can be found here. Insiders have bought 207,000 shares of company stock valued at $1,590,380 over the last 90 days. 2.90% of the stock is owned by company insiders.

Hillman Solutions Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Hillman Solutions (NASDAQ:HLMN)

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