Hillman Solutions Corp (NASDAQ:HLMN) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its position in Hillman Solutions Corp (NASDAQ:HLMN) by 1,911.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,517 shares of the company’s stock after purchasing an additional 6,193 shares during the period. Lazard Asset Management LLC’s holdings in Hillman Solutions were worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HLMN. JPMorgan Chase & Co. lifted its holdings in shares of Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after buying an additional 509,016 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in Hillman Solutions in the fourth quarter valued at $17,290,000. Charles Schwab Investment Management Inc. boosted its position in shares of Hillman Solutions by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company’s stock worth $24,244,000 after purchasing an additional 73,216 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hillman Solutions during the 4th quarter worth $675,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Hillman Solutions by 16.8% during the 4th quarter. Russell Investments Group Ltd. now owns 147,294 shares of the company’s stock worth $1,435,000 after purchasing an additional 21,191 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Trading Down 1.8%

Shares of Hillman Solutions stock opened at $7.25 on Monday. The business has a 50 day moving average price of $7.93 and a 200 day moving average price of $9.43. The company has a market capitalization of $1.43 billion, a P/E ratio of 90.64 and a beta of 1.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions Corp has a 1 year low of $6.64 and a 1 year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share. Sell-side analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CFO Robert O. Kraft acquired 140,000 shares of Hillman Solutions stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average price of $7.09 per share, with a total value of $992,600.00. Following the completion of the purchase, the chief financial officer now owns 632,752 shares of the company’s stock, valued at approximately $4,486,211.68. This represents a 28.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is owned by corporate insiders.

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.