Burgundy Asset Management Ltd. Purchases 160,505 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Burgundy Asset Management Ltd. increased its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,876,005 shares of the company's stock after purchasing an additional 160,505 shares during the quarter. Burgundy Asset Management Ltd. owned 4.51% of Hillman Solutions worth $86,452,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of Hillman Solutions by 326.8% in the 3rd quarter. Barclays PLC now owns 305,468 shares of the company's stock valued at $3,226,000 after acquiring an additional 233,894 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Hillman Solutions by 28.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 93,453 shares of the company's stock valued at $910,000 after purchasing an additional 20,920 shares in the last quarter. R Squared Ltd bought a new stake in shares of Hillman Solutions during the fourth quarter worth about $32,000. Entropy Technologies LP acquired a new position in shares of Hillman Solutions in the fourth quarter valued at approximately $106,000. Finally, Venturi Wealth Management LLC raised its holdings in Hillman Solutions by 1,337.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after buying an additional 6,500 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Robert O. Kraft purchased 140,000 shares of Hillman Solutions stock in a transaction dated Thursday, May 1st. The stock was bought at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the transaction, the chief financial officer now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James set a $10.00 target price on shares of Hillman Solutions and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Baird R W lowered shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays dropped their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird cut 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hillman Solutions presently has an average rating of "Hold" and a consensus target price of $11.00.

Hillman Solutions Stock Down 1.6%

NASDAQ:HLMN traded down $0.13 on Wednesday, hitting $7.46. The stock had a trading volume of 294,076 shares, compared to its average volume of 1,065,610. The firm's fifty day simple moving average is $7.86 and its two-hundred day simple moving average is $9.39. The stock has a market cap of $1.47 billion, a P/E ratio of 93.20 and a beta of 1.70. Hillman Solutions Corp has a 1 year low of $6.64 and a 1 year high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

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