Connors Investor Services Inc. Invests $2.19 Million in Hillman Solutions Corp (NASDAQ:HLMN)

Connors Investor Services Inc. acquired a new position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 224,718 shares of the company's stock, valued at approximately $2,189,000. Connors Investor Services Inc. owned about 0.11% of Hillman Solutions as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on HLMN. William Blair lowered shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Barclays reduced their price objective on shares of 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. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $9.00 price target (down previously from $12.00) on shares of Hillman Solutions in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $11.50.

Hillman Solutions Stock Performance

Shares of HLMN opened at $7.01 on Wednesday. Hillman Solutions Corp has a 52 week low of $6.97 and a 52 week high of $12.08. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 87.64 and a beta of 1.67. The business has a 50-day simple moving average of $8.62 and a two-hundred day simple moving average of $9.83.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The company had revenue of $359.34 million during the quarter, compared to analysts' expectations of $358.14 million. During the same period last year, the company posted $0.10 earnings per share. Hillman Solutions's quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current year.

Hillman Solutions Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.