Creative Planning Purchases 12,957 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Creative Planning raised its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 88.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,610 shares of the company’s stock after purchasing an additional 12,957 shares during the period. Creative Planning’s holdings in Hillman Solutions were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Reinhart Partners LLC. lifted its stake in Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after acquiring an additional 503,809 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Hillman Solutions by 22.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 56,200 shares of the company’s stock worth $593,000 after purchasing an additional 10,300 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Hillman Solutions during the second quarter valued at approximately $257,000. Algert Global LLC purchased a new position in Hillman Solutions during the second quarter valued at approximately $334,000. Finally, The Manufacturers Life Insurance Company raised its stake in Hillman Solutions by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after buying an additional 4,581 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Trading Up 0.4 %

NASDAQ:HLMN opened at $11.17 on Friday. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $10.38 and a 200-day simple moving average of $9.69. Hillman Solutions Corp has a 12 month low of $6.62 and a 12 month high of $12.08. The company has a market capitalization of $2.19 billion, a P/E ratio of 279.19 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Hillman Solutions’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird increased their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays raised their price objective on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. Finally, Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

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.