US Bancorp DE Increases Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

US Bancorp DE increased its position in Hillman Solutions Corp (NASDAQ:HLMN) by 508.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,660 shares of the company’s stock after purchasing an additional 15,592 shares during the quarter. US Bancorp DE’s holdings in Hillman Solutions were worth $197,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $2,660,000 after buying an additional 156,449 shares during the period. Bank of New York Mellon Corp grew its holdings in Hillman Solutions by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock worth $7,137,000 after acquiring an additional 70,861 shares in the last quarter. Clearbridge Investments LLC increased its position in Hillman Solutions by 4.8% during the 1st quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock valued at $51,155,000 after purchasing an additional 218,982 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after purchasing an additional 225,480 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Hillman Solutions in the 1st quarter worth approximately $143,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group raised their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Stock Performance

Shares of HLMN opened at $11.00 on Friday. Hillman Solutions Corp has a 12 month low of $7.05 and a 12 month high of $12.08. The stock has a fifty day moving average price of $10.49 and a 200-day moving average price of $9.73. 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 firm has a market cap of $2.16 billion, a PE ratio of 275.07 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same quarter last year, the company earned $0.11 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts predict that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

About Hillman Solutions

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.