Hillman Solutions Corp. (NASDAQ:HLMN) Position Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 17.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 232,302 shares of the company's stock after buying an additional 35,266 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of Hillman Solutions worth $2,042,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Federated Hermes Inc. bought a new stake in shares of Hillman Solutions during the fourth quarter valued at about $25,000. KBC Group NV bought a new stake in shares of Hillman Solutions during the first quarter valued at about $35,000. Sterling Capital Management LLC raised its stake in shares of Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after purchasing an additional 4,572 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Hillman Solutions by 1,911.4% during the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after purchasing an additional 6,193 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Hillman Solutions by 285.7% during 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 in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HLMN has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective 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. Raymond James Financial set a $10.00 price objective on shares of Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays cut their price objective on shares of 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, Baird R W cut shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $11.00.

Insider Transactions at Hillman Solutions

In other news, CFO Robert O. Kraft bought 140,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the acquisition, the chief financial officer directly owned 632,752 shares in the company, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is currently owned by insiders.

Hillman Solutions Price Performance

NASDAQ:HLMN traded down $0.18 during mid-day trading on Friday, reaching $7.77. 1,343,896 shares of the stock were exchanged, compared to its average volume of 1,142,349. The business has a fifty day moving average price of $7.41 and a 200 day moving average price of $8.55. The firm has a market capitalization of $1.53 billion, a PE ratio of 86.34 and a beta of 1.65. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The company has a current ratio of 2.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The firm 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 8.73% and a net margin of 1.24%. Hillman Solutions's revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. Research analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal 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.