Oppenheimer Asset Management Inc. Acquires 23,185 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Oppenheimer Asset Management Inc. grew its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 44.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,331 shares of the company’s stock after purchasing an additional 23,185 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hillman Solutions were worth $795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Hillman Solutions by 167.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock worth $2,660,000 after purchasing an additional 156,449 shares during the period. WCM Investment Management LLC boosted its position in Hillman Solutions by 1.5% during the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after purchasing an additional 49,306 shares during the period. Bank of New York Mellon Corp boosted its position in Hillman Solutions by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock worth $7,137,000 after purchasing an additional 70,861 shares during the period. Harbor Capital Advisors Inc. boosted its position in Hillman Solutions by 131.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after purchasing an additional 914,151 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Hillman Solutions by 4.8% in the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock worth $51,155,000 after buying an additional 218,982 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Hillman Solutions Trading Up 0.2 %

Shares of HLMN opened at $10.78 on Tuesday. The firm’s 50 day simple moving average is $10.54 and its 200 day simple moving average is $9.74. The company has a market capitalization of $2.12 billion, a P/E 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 Corp has a 1-year low of $7.05 and a 1-year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results 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 net margin of 0.57% and a return on equity of 8.81%. Hillman Solutions’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. Sell-side analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

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.