Nuveen LLC Makes New Investment in Hillman Solutions Corp. $HLMN

Nuveen LLC acquired a new stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,337,295 shares of the company's stock, valued at approximately $29,335,000. Nuveen LLC owned approximately 1.69% of Hillman Solutions as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in shares of Hillman Solutions in the fourth quarter worth about $25,000. KBC Group NV acquired a new position in shares of Hillman Solutions in the first quarter worth about $35,000. Sterling Capital Management LLC boosted its position in 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 purchasing an additional 4,572 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Hillman Solutions by 1,911.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after buying an additional 6,193 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Hillman Solutions during the fourth quarter valued at $79,000. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Performance

Shares of HLMN traded up $0.4550 during midday trading on Friday, reaching $10.1450. 554,126 shares of the stock were exchanged, compared to its average volume of 1,455,217. The business's 50-day moving average price is $8.13 and its 200 day moving average price is $8.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $12.08. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 92.33 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The business had revenue of $402.80 million for the quarter, compared to analysts' expectations of $389.45 million. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Insider Transactions at Hillman Solutions

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the transaction, the insider owned 56,618 shares in the company, valued at $558,253.48. The trade was a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen raised Hillman Solutions from a "hold" rating to a "buy" rating in a research note on Monday, August 11th. Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Stifel Nicolaus assumed coverage on Hillman Solutions in a research report on Monday, July 14th. They set a "buy" rating and a $9.50 price objective for the company. Barclays lifted their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Robert W. Baird cut their price target 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. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $11.42.

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.