TD Asset Management Inc Acquires New Stake in Hillman Solutions Corp. (NASDAQ:HLMN)

TD Asset Management Inc bought a new stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 129,464 shares of the company's stock, valued at approximately $1,138,000. TD Asset Management Inc owned about 0.07% of Hillman Solutions as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in shares of Hillman Solutions during the fourth quarter worth approximately $25,000. KBC Group NV purchased a new position in shares of Hillman Solutions in the first quarter worth $35,000. Sterling Capital Management LLC grew its holdings in Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after acquiring an additional 4,572 shares during the last quarter. Lazard Asset Management LLC raised its stake 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 valued at $63,000 after acquiring an additional 6,193 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hillman Solutions during the fourth quarter worth about $79,000. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HLMN. Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Raymond James Financial set a $10.00 target price on shares of Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus began coverage on shares of Hillman Solutions in a research note on Monday, July 14th. They set a "buy" rating and a $9.50 price objective on the stock. Barclays upped their price target on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Robert W. Baird reduced 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. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.42.

Hillman Solutions Trading Down 1.1%

HLMN traded down $0.11 during trading hours on Thursday, reaching $9.90. 954,316 shares of the company's stock traded hands, compared to its average volume of 1,450,732. The firm has a 50-day moving average price of $7.58 and a 200 day moving average price of $8.37. The company has a quick ratio of 0.79, a current ratio of 2.46 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.95 billion, a PE ratio of 90.40 and a beta of 1.66. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $402.80 million for the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.91%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal 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.