Deutsche Bank AG Acquires 59,675 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Deutsche Bank AG increased its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,077 shares of the company's stock after purchasing an additional 59,675 shares during the quarter. Deutsche Bank AG owned 0.09% of Hillman Solutions worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HLMN. Envestnet Portfolio Solutions Inc. raised its stake in Hillman Solutions by 4.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after buying an additional 1,061 shares during the last quarter. Xponance Inc. increased its position in Hillman Solutions by 10.1% during the fourth quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after acquiring an additional 1,297 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Hillman Solutions by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock valued at $329,000 after acquiring an additional 1,325 shares during the period. HighTower Advisors LLC boosted its position in Hillman Solutions by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock worth $1,404,000 after purchasing an additional 1,562 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in Hillman Solutions by 2.0% in the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock worth $1,163,000 after purchasing an additional 2,391 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on HLMN. Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Barclays reduced their price objective on 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. Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $11.00.

Insider Buying and Selling

In related news, CFO Robert O. Kraft acquired 140,000 shares of the business's stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost of $7.09 per share, with a total value of $992,600.00. Following the acquisition, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This represents a 28.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.10% of the stock is owned by insiders.

Hillman Solutions Price Performance

Shares of HLMN traded up $0.11 during trading hours on Thursday, reaching $7.44. 995,568 shares of the stock traded hands, compared to its average volume of 1,070,868. The company has a market cap of $1.47 billion, a P/E ratio of 93.01 and a beta of 1.70. 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 company's 50-day moving average price is $7.80 and its two-hundred day moving average price is $9.35. 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 quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. On average, analysts anticipate that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

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.