Janney Montgomery Scott LLC Has $948,000 Stock Holdings in Hillman Solutions Corp. $HLMN

Janney Montgomery Scott LLC raised its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 24.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 132,764 shares of the company’s stock after buying an additional 25,724 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of Hillman Solutions worth $948,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HLMN. KBC Group NV acquired a new position in Hillman Solutions in the 1st quarter valued at approximately $35,000. Blueshift Asset Management LLC acquired a new position in Hillman Solutions in the 1st quarter valued at approximately $91,000. Lindenwold Advisors INC acquired a new position in Hillman Solutions in the 1st quarter valued at approximately $93,000. AlphaQuest LLC acquired a new position in Hillman Solutions in the 1st quarter valued at approximately $103,000. Finally, Benjamin Edwards Inc. increased its stake in Hillman Solutions by 24.1% in the 1st quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company’s stock valued at $116,000 after buying an additional 2,563 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 have weighed in on the stock. Wall Street Zen upgraded shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. Stifel Nicolaus boosted their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Barclays boosted their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Canaccord Genuity Group boosted their target price on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.83.

Insider Buying and Selling

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $9.86, for a total transaction of $44,685.52. Following the completion of the transaction, the insider directly owned 56,618 shares in the company, valued at $558,253.48. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.90% of the stock is currently owned by insiders.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $9.57 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $9.65 and a 200 day simple moving average of $8.32. The company has a market cap of $1.89 billion, a P/E ratio of 87.01 and a beta of 1.65. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $402.80 million during the quarter, compared to analysts’ expectations of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The firm’s revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current year.

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.