Teacher Retirement System of Texas Grows Stock Holdings in Hillman Solutions Corp. (NASDAQ:HLMN)

Teacher Retirement System of Texas boosted its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 17.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 232,302 shares of the company's stock after purchasing an additional 35,266 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of Hillman Solutions worth $2,042,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HLMN. Federated Hermes Inc. purchased a new position in Hillman Solutions during the fourth quarter worth approximately $25,000. KBC Group NV acquired a new stake in shares of Hillman Solutions in the first quarter valued at approximately $35,000. Sterling Capital Management LLC increased its holdings 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 valued at $50,000 after purchasing an additional 4,572 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Hillman Solutions by 1,911.4% in 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 during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Hillman Solutions by 285.7% in 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 during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Insider Activity at Hillman Solutions

In other news, CFO Robert O. Kraft purchased 140,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was acquired 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 directly owned 632,752 shares in the company, valued at approximately $4,486,211.68. This represents a 28.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HLMN shares. Robert W. Baird cut their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus started coverage on Hillman Solutions in a report on Monday. They issued a "buy" rating and a $9.50 price target for the company. Raymond James Financial set a $10.00 price target on Hillman Solutions and gave the company an "outperform" rating in a report on Wednesday, April 30th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Barclays cut their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $10.75.

Hillman Solutions Stock Performance

HLMN stock remained flat at $7.77 during midday trading on Monday. The company's stock had a trading volume of 1,577,360 shares, compared to its average volume of 1,144,090. The company's fifty day simple moving average is $7.41 and its 200-day simple moving average is $8.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.46 and a quick ratio of 0.79. The stock 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 one year low of $6.55 and a one year high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The company had revenue of $359.34 million during the quarter, compared to analysts' expectations of $358.14 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts expect that Hillman Solutions Corp. will post 0.58 EPS 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.