T. Rowe Price Investment Management Inc. Makes New Investment in Hillman Solutions Corp (NASDAQ:HLMN)

T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,775,126 shares of the company's stock, valued at approximately $17,290,000. T. Rowe Price Investment Management Inc. owned about 0.90% of Hillman Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of HLMN. Nordea Investment Management AB acquired a new position in shares of Hillman Solutions during the 4th quarter worth about $4,631,000. JPMorgan Chase & Co. increased its position in Hillman Solutions by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after buying an additional 509,016 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Hillman Solutions by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock valued at $24,244,000 after buying an additional 73,216 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hillman Solutions in the fourth quarter valued at approximately $675,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Hillman Solutions by 16.8% during the 4th quarter. Russell Investments Group Ltd. now owns 147,294 shares of the company's stock worth $1,435,000 after acquiring an additional 21,191 shares during the period. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HLMN has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday. Benchmark restated a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. 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. Finally, Barclays cut their price objective 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. 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 MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $11.25.

Hillman Solutions Stock Performance

Shares of HLMN stock traded up $0.11 on Friday, hitting $7.14. The company's stock had a trading volume of 1,707,263 shares, compared to its average volume of 1,023,390. Hillman Solutions Corp has a fifty-two week low of $6.64 and a fifty-two week high of $12.08. The company has a market capitalization of $1.41 billion, a PE ratio of 89.26 and a beta of 1.67. The stock's 50 day moving average is $8.44 and its 200-day moving average is $9.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $358.14 million. During the same quarter in the prior year, the business posted $0.10 EPS. The business's revenue was up 2.6% compared to the same quarter last year. Equities research analysts expect that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal 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.