TrinityPoint Wealth LLC Takes Position in Hillman Solutions Corp (NASDAQ:HLMN)

TrinityPoint Wealth LLC purchased a new stake in Hillman Solutions Corp (NASDAQ:HLMN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,321 shares of the company’s stock, valued at approximately $120,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HLMN. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions in the 4th quarter valued at approximately $17,290,000. Raymond James Financial Inc. purchased a new stake in Hillman Solutions during the 4th quarter worth approximately $11,318,000. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock worth $62,521,000 after buying an additional 605,049 shares during the period. JPMorgan Chase & Co. increased its stake in Hillman Solutions by 5.9% during the 4th 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 period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Hillman Solutions by 629.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 529,235 shares of the company’s stock worth $5,155,000 after buying an additional 456,666 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Robert O. Kraft bought 140,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the acquisition, the chief financial officer now owns 632,752 shares in the company, valued at approximately $4,486,211.68. This represents a 28.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Hillman Solutions Trading Down 0.5%

Shares of NASDAQ:HLMN opened at $8.06 on Monday. Hillman Solutions Corp has a 52 week low of $6.64 and a 52 week high of $12.08. The company’s 50 day moving average is $8.09 and its two-hundred day moving average is $9.55. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.59 billion, a PE ratio of 100.76 and a beta of 1.70.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The company had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. During the same period in the prior year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Baird R W downgraded shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Barclays cut 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. Benchmark reaffirmed a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.