First Trust Advisors LP Raises Stock Position in Hillman Solutions Corp. $HLMN

First Trust Advisors LP boosted its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 69.1% in the first quarter, HoldingsChannel reports. The firm owned 270,453 shares of the company’s stock after acquiring an additional 110,478 shares during the period. First Trust Advisors LP’s holdings in Hillman Solutions were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. MGO One Seven LLC lifted its holdings in shares of Hillman Solutions by 3.8% in the fourth quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock worth $260,000 after buying an additional 1,109 shares in the last quarter. MQS Management LLC grew its stake in Hillman Solutions by 11.1% during the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after acquiring an additional 1,406 shares in the last quarter. ProShare Advisors LLC grew its stake in Hillman Solutions by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 36,213 shares of the company’s stock valued at $314,000 after acquiring an additional 2,332 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Hillman Solutions by 13.5% in the 4th quarter. Benjamin Edwards Inc. now owns 20,095 shares of the company’s stock valued at $174,000 after acquiring an additional 2,397 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Hillman Solutions by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 181,427 shares of the company’s stock valued at $1,295,000 after acquiring an additional 2,522 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Canaccord Genuity Group cut their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Hillman Solutions Stock Up 1.7%

Shares of NASDAQ HLMN opened at $9.22 on Friday. The company has a current ratio of 2.71, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. Hillman Solutions Corp. has a 12-month low of $6.96 and a 12-month high of $10.85. The firm’s 50-day moving average price is $8.00 and its 200-day moving average price is $8.36. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 41.91, a P/E/G ratio of 1.27 and a beta of 1.39.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The company had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. On average, equities research analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

About Hillman Solutions

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.