Jefferies Financial Group Inc. Reduces Position in Hillman Solutions Corp. (NASDAQ:HLMN)

Key Points

• Jefferies Financial Group Inc. reduced its stake in Hillman Solutions Corp. by 4.1%, now owning approximately 8.16 million shares, which represents about 0.6% of its investment portfolio.
• Hillman Solutions recently received mixed analyst ratings, with Wall Street Zen upgrading it to a "buy" and Barclays lowering its price target from $11.00 to $8.00.
• The company's stock is currently trading around $7.89, with a market capitalization of $1.56 billion and an average price target of $10.75 according to analysts.

Jefferies Financial Group Inc. lowered its position in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 4.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,156,774 shares of the company's stock after selling 350,591 shares during the period. Hillman Solutions accounts for approximately 0.6% of Jefferies Financial Group Inc.'s portfolio, making the stock its 12th biggest holding. Jefferies Financial Group Inc. owned approximately 4.13% of Hillman Solutions worth $71,698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindenwold Advisors INC acquired a new stake in Hillman Solutions in the 1st quarter valued at approximately $93,000. US Bancorp DE increased its holdings in Hillman Solutions by 14.5% in the first quarter. US Bancorp DE now owns 21,356 shares of the company's stock valued at $188,000 after buying an additional 2,700 shares during the last quarter. XTX Topco Ltd increased its holdings in Hillman Solutions by 39.5% in the first quarter. XTX Topco Ltd now owns 24,448 shares of the company's stock valued at $215,000 after buying an additional 6,917 shares during the last quarter. TD Asset Management Inc acquired a new position in shares of Hillman Solutions in the 1st quarter valued at $1,138,000. Finally, Madison Asset Management LLC boosted its holdings in shares of Hillman Solutions by 116.2% in the 1st quarter. Madison Asset Management LLC now owns 221,922 shares of the company's stock valued at $1,951,000 after buying an additional 119,260 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Price Performance

HLMN stock traded down $0.14 during trading on Friday, reaching $7.75. 1,825,739 shares of the company were exchanged, compared to its average volume of 1,765,599. The company has a market cap of $1.53 billion, a P/E ratio of 86.12 and a beta of 1.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 2.46. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08. The stock's 50 day moving average price is $7.47 and its 200 day moving average price is $8.37.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly 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. The business had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. As a group, analysts predict that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HLMN shares. 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. Robert W. Baird dropped their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Raymond James Financial set a $10.00 price target on shares of Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus assumed coverage on Hillman Solutions in a research report on Monday, July 14th. They set a "buy" rating and a $9.50 target price on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.75.

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.