Canada Pension Plan Investment Board Boosts Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Canada Pension Plan Investment Board raised its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 2,642.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,300 shares of the company's stock after buying an additional 68,700 shares during the period. Canada Pension Plan Investment Board's holdings in Hillman Solutions were worth $694,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Hillman Solutions in the fourth quarter valued at approximately $25,000. R Squared Ltd acquired a new stake in shares of Hillman Solutions in the fourth quarter valued at $32,000. Sterling Capital Management LLC increased its stake in Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after purchasing an additional 4,572 shares during the period. Venturi Wealth Management LLC lifted its holdings in Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after buying an additional 6,500 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Hillman Solutions by 285.7% in the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after purchasing 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 Price Performance

Shares of HLMN stock traded down $0.02 during trading hours on Wednesday, hitting $6.99. The company's stock had a trading volume of 3,252,979 shares, compared to its average volume of 1,013,135. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $8.56 and a 200-day moving average of $9.81. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 87.39 and a beta of 1.67. Hillman Solutions Corp has a twelve month low of $6.64 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The company's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on HLMN. Barclays dropped their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Benchmark reiterated a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird lowered their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday. William Blair cut shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Finally, Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.25.

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.