Hillman Solutions Corp. (NASDAQ:HLMN) Shares Bought by Madison Asset Management LLC

Madison Asset Management LLC boosted its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 116.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,922 shares of the company's stock after acquiring an additional 119,260 shares during the period. Madison Asset Management LLC owned about 0.11% of Hillman Solutions worth $1,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Federated Hermes Inc. purchased a new stake in shares of Hillman Solutions during the fourth quarter worth about $25,000. KBC Group NV purchased a new stake in shares of Hillman Solutions during the first quarter worth about $35,000. Sterling Capital Management LLC grew its holdings 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 worth $50,000 after buying an additional 4,572 shares in the last quarter. Lazard Asset Management LLC grew its holdings 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 worth $63,000 after buying an additional 6,193 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Hillman Solutions in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were bought 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 owned 632,752 shares of the company's stock, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.90% of the company's stock.

Wall Street Analyst Weigh In

HLMN has been the subject of a number of recent analyst reports. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Stifel Nicolaus initiated coverage on shares of Hillman Solutions in a report on Monday, July 14th. They issued a "buy" rating and a $9.50 target price for the company. Robert W. Baird lowered their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Raymond James Financial set a $10.00 target price on shares of Hillman Solutions and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Barclays lowered their target price on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, Hillman Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Hillman Solutions Stock Down 0.1%

HLMN traded down $0.01 during trading on Friday, hitting $8.07. The company had a trading volume of 1,131,246 shares, compared to its average volume of 1,749,229. The company has a market cap of $1.59 billion, a PE ratio of 89.68 and a beta of 1.65. The business has a 50-day moving average of $7.43 and a 200-day moving average of $8.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.46 and a quick ratio of 0.79. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08.

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

Hillman Solutions 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.