Legal & General Group Plc Makes New Investment in Hillman Solutions Corp. $HLMN

Legal & General Group Plc acquired a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 166,678 shares of the company’s stock, valued at approximately $1,407,000. Legal & General Group Plc owned about 0.08% of Hillman Solutions at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HLMN. MGO One Seven LLC grew its holdings in Hillman Solutions by 3.8% during the fourth quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock worth $260,000 after purchasing an additional 1,109 shares during the period. MQS Management LLC lifted its position in shares of Hillman Solutions by 11.1% in the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after buying an additional 1,406 shares during the last quarter. Wealth Alliance LLC boosted its stake in shares of Hillman Solutions by 4.7% during the 1st quarter. Wealth Alliance LLC now owns 38,726 shares of the company’s stock worth $322,000 after acquiring an additional 1,733 shares during the period. ProShare Advisors LLC boosted its stake in shares of Hillman Solutions by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 36,213 shares of the company’s stock worth $314,000 after acquiring an additional 2,332 shares during the period. Finally, Benjamin Edwards Inc. increased its holdings in shares of Hillman Solutions by 13.5% during the 4th quarter. Benjamin Edwards Inc. now owns 20,095 shares of the company’s stock worth $174,000 after acquiring an additional 2,397 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $7.68 on Monday. The firm has a market cap of $1.49 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. Hillman Solutions Corp. has a 1-year low of $6.96 and a 1-year high of $10.85. The business’s 50 day moving average is $8.21 and its 200-day moving average is $8.11.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. Equities research analysts predict that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Insider Activity

In related news, insider Aaron Parker sold 17,381 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total transaction of $148,955.17. Following the transaction, the insider directly owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HLMN. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Barclays upped their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Finally, Canaccord Genuity Group dropped their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hillman Solutions currently has a consensus rating of “Hold” and an average target price of $12.67.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.