Northern Trust Corp Has $26.02 Million Position in Hillman Solutions Corp (NASDAQ:HLMN)

Northern Trust Corp grew its holdings in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,671,789 shares of the company's stock after purchasing an additional 212,599 shares during the period. Northern Trust Corp owned approximately 1.36% of Hillman Solutions worth $26,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HLMN. Federated Hermes Inc. purchased a new stake in Hillman Solutions in the 4th quarter worth about $25,000. R Squared Ltd purchased a new stake in shares of Hillman Solutions in the fourth quarter worth approximately $32,000. Sterling Capital Management LLC boosted 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 purchasing an additional 4,572 shares during the period. Venturi Wealth Management LLC grew its position in Hillman Solutions by 1,337.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock valued at $78,000 after buying an additional 5,915 shares during the period. Institutional investors and hedge funds own 98.11% of the company's stock.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, CFO Robert O. Kraft purchased 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 transaction, the chief financial officer now directly owns 632,752 shares in the company, valued at approximately $4,486,211.68. This represents a 28.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HLMN shares. Robert W. Baird decreased their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Barclays dropped their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Raymond James set a $10.00 price target on Hillman Solutions and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Benchmark restated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Hillman Solutions presently has a consensus rating of "Hold" and a consensus target price of $11.00.

Hillman Solutions Stock Down 3.5%

Shares of NASDAQ:HLMN traded down $0.29 on Wednesday, reaching $8.07. The company had a trading volume of 1,087,686 shares, compared to its average volume of 1,055,313. The stock has a market capitalization of $1.59 billion, a P/E ratio of 100.89 and a beta of 1.70. The stock has a 50-day moving average price of $8.17 and a 200 day moving average price of $9.61. Hillman Solutions Corp has a twelve month low of $6.64 and a twelve month 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.

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

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.