Legal & General Group Plc Purchases 37,130 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Legal & General Group Plc raised its holdings in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,125 shares of the company's stock after acquiring an additional 37,130 shares during the quarter. Legal & General Group Plc owned about 0.11% of Hillman Solutions worth $2,105,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new stake in Hillman Solutions in the fourth quarter worth $25,000. R Squared Ltd acquired a new stake in shares of Hillman Solutions in the fourth quarter worth about $32,000. Venturi Wealth Management LLC boosted its stake in shares of Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after acquiring an additional 6,500 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Hillman Solutions by 285.7% during the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after acquiring an additional 5,915 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Hillman Solutions in the 4th quarter valued at approximately $106,000. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock Performance

Hillman Solutions stock traded down $0.02 during mid-day trading on Wednesday, reaching $6.99. The company had a trading volume of 3,252,979 shares, compared to its average volume of 1,013,135. The company has a 50 day moving average of $8.56 and a 200-day moving average of $9.81. Hillman Solutions Corp has a 52 week low of $6.64 and a 52 week high of $12.08. 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 firm has a market cap of $1.38 billion, a price-to-earnings ratio of 87.39 and a beta of 1.67.

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

Analysts Set New Price Targets

HLMN has been the topic of several analyst reports. William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Barclays lowered their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Robert W. Baird decreased their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Benchmark reiterated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of "Hold" and an average price target of $11.25.

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.