Burgundy Asset Management Ltd. Boosts Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Burgundy Asset Management Ltd. raised its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,876,005 shares of the company's stock after buying an additional 160,505 shares during the period. Burgundy Asset Management Ltd. owned about 4.51% of Hillman Solutions worth $86,452,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HLMN. T. Rowe Price Investment Management Inc. acquired a new stake in Hillman Solutions in the 4th quarter worth about $17,290,000. Raymond James Financial Inc. acquired a new stake in Hillman Solutions in the 4th quarter worth about $11,318,000. Dimensional Fund Advisors LP boosted its holdings in Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock worth $62,521,000 after buying an additional 605,049 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after buying an additional 509,016 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Hillman Solutions by 629.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 529,235 shares of the company's stock worth $5,155,000 after buying an additional 456,666 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HLMN has been the topic of several research analyst reports. Benchmark reiterated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a report 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 report on Wednesday, April 30th. Raymond James set a $10.00 target price on Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays lowered 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. Finally, Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.00.

Hillman Solutions Trading Up 4.6%

Shares of HLMN stock traded up $0.33 during trading on Tuesday, hitting $7.58. 1,192,777 shares of the stock traded hands, compared to its average volume of 1,336,282. The firm has a market capitalization of $1.50 billion, a P/E ratio of 94.76 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. The firm's fifty day moving average price is $7.89 and its 200-day moving average price is $9.40. Hillman Solutions Corp has a 52-week low of $6.64 and a 52-week high of $12.08.

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

Insider Buying and Selling at Hillman Solutions

In other news, CFO Robert O. Kraft bought 140,000 shares of the business's stock in a transaction on Thursday, May 1st. The shares were bought at an average price of $7.09 per share, with a total value of $992,600.00. Following the completion of the transaction, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. 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.

About Hillman Solutions

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.