Hillman Solutions Corp (NASDAQ:HLMN) Stake Raised by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 0.5% during the third quarter, Holdings Channel.com reports. The firm owned 2,512,226 shares of the company’s stock after acquiring an additional 13,439 shares during the period. Natixis Advisors LLC’s holdings in Hillman Solutions were worth $26,529,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLMN. Canada Pension Plan Investment Board acquired a new stake in shares of Hillman Solutions in the second quarter valued at $57,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Hillman Solutions by 103.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after buying an additional 4,473 shares during the period. Institute for Wealth Management LLC. acquired a new position in Hillman Solutions in the 2nd quarter worth approximately $101,000. Stratos Wealth Advisors LLC purchased a new position in shares of Hillman Solutions during the third quarter valued at $132,000. Finally, MBB Public Markets I LLC purchased a new position in Hillman Solutions during the 2nd quarter valued at about $133,000. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Trading Up 0.2 %

Hillman Solutions stock opened at $10.78 on Tuesday. Hillman Solutions Corp has a one year low of $7.05 and a one year high of $12.08. The company’s fifty day moving average price is $10.54 and its two-hundred day moving average price is $9.74. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 269.57 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. On average, analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HLMN has been the topic of several research reports. Canaccord Genuity Group upped their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Barclays upped their target price on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.60.

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.