Millennium Management LLC Boosts Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Millennium Management LLC raised its stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 679,983 shares of the company's stock after buying an additional 139,331 shares during the period. Millennium Management LLC owned about 0.35% of Hillman Solutions worth $6,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions in the 4th quarter worth approximately $17,290,000. Raymond James Financial Inc. purchased a new stake in shares of Hillman Solutions in the 4th quarter worth approximately $11,318,000. Dimensional Fund Advisors LP lifted its position in shares of Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock worth $62,521,000 after purchasing an additional 605,049 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after purchasing an additional 509,016 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Hillman Solutions by 629.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 529,235 shares of the company's stock worth $5,155,000 after purchasing an additional 456,666 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Raymond James set a $10.00 price target on shares of Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird lowered their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Baird R W lowered 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 issued a buy rating to the company's stock. According to data from MarketBeat, Hillman Solutions presently has an average rating of "Hold" and an average target price of $11.00.

Hillman Solutions Stock Down 2.2%

Shares of NASDAQ HLMN traded down $0.16 during trading hours on Friday, hitting $7.28. 1,250,243 shares of the stock were exchanged, compared to its average volume of 1,076,275. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.44 billion, a PE ratio of 91.01 and a beta of 1.70. The firm has a fifty day moving average price of $7.76 and a 200-day moving average price of $9.30. Hillman Solutions Corp has a 12 month low of $6.64 and a 12 month high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $359.34 million during the quarter, compared to analyst estimates of $358.14 million. During the same quarter in the previous year, the business posted $0.10 EPS. Hillman Solutions's revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current year.

Insider Activity

In other Hillman Solutions news, CFO Robert O. Kraft acquired 140,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were 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 of the company's stock, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 5.10% of the company's stock.

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.