Deutsche Bank AG Increases Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Deutsche Bank AG boosted its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 53.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 171,077 shares of the company’s stock after buying an additional 59,675 shares during the period. Deutsche Bank AG owned 0.09% of Hillman Solutions worth $1,666,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new position in shares of Hillman Solutions in the 4th quarter valued at $25,000. R Squared Ltd purchased a new stake in Hillman Solutions in the 4th quarter valued at about $32,000. Sterling Capital Management LLC lifted its position in Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock valued at $50,000 after buying an additional 4,572 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Hillman Solutions by 1,337.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock valued at $68,000 after buying an additional 6,500 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Hillman Solutions by 285.7% during the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company’s stock worth $78,000 after buying an additional 5,915 shares during the period. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Trading Down 1.8%

HLMN opened at $7.25 on Friday. Hillman Solutions Corp has a 12-month low of $6.64 and a 12-month high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The stock has a market capitalization of $1.43 billion, a PE ratio of 90.64 and a beta of 1.70. The firm’s fifty day moving average price is $7.93 and its 200 day moving average price is $9.45.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $359.34 million for the quarter, compared to analysts’ expectations of $358.14 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. As a group, research analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Insider Activity

In other news, CFO Robert O. Kraft acquired 140,000 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This represents a 28.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on HLMN shares. Raymond James set a $10.00 target price on Hillman Solutions and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Barclays cut their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird lowered their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Benchmark reiterated a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, Baird R W downgraded shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

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.