Burgundy Asset Management Ltd. Increases Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Burgundy Asset Management Ltd. grew its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,876,005 shares of the company’s stock after buying an additional 160,505 shares during the quarter. Burgundy Asset Management Ltd.’s holdings in Hillman Solutions were worth $86,452,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HLMN. T. Rowe Price Investment Management Inc. acquired a new position in shares of Hillman Solutions during the 4th quarter worth $17,290,000. Raymond James Financial Inc. acquired a new position in shares of Hillman Solutions during the 4th quarter worth $11,318,000. Dimensional Fund Advisors LP grew its stake in shares of 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 purchasing an additional 605,049 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 509,016 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of 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 purchasing an additional 456,666 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HLMN. Barclays lowered their price target 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 price target 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 report on Wednesday, April 16th. Robert W. Baird decreased their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Finally, Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hillman Solutions presently has an average rating of “Hold” and a consensus target price of $11.00.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $7.38 on Friday. 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’s 50-day simple moving average is $7.96 and its 200 day simple moving average is $9.48. The firm has a market capitalization of $1.46 billion, a PE ratio of 92.26 and a beta of 1.70.

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

Insider Buying and Selling

In other news, CFO Robert O. Kraft bought 140,000 shares of Hillman Solutions stock in a transaction on Thursday, May 1st. The shares were bought at an average cost 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 trade represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.10% of the company’s stock.

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.