State of New Jersey Common Pension Fund D Sells 4,245 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

State of New Jersey Common Pension Fund D reduced its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 2.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 204,492 shares of the company’s stock after selling 4,245 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of Hillman Solutions worth $2,159,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Hillman Solutions by 158.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock valued at $62,518,000 after buying an additional 4,336,039 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Hillman Solutions by 131.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after acquiring an additional 914,151 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hillman Solutions by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after acquiring an additional 578,042 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of Hillman Solutions by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after acquiring an additional 503,809 shares in the last quarter. Finally, Roubaix Capital LLC purchased a new stake in shares of Hillman Solutions in the first quarter valued at about $4,498,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $11.00 on Friday. 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 business’s 50 day simple moving average is $10.49 and its 200 day simple moving average is $9.73. Hillman Solutions Corp has a 12 month low of $7.05 and a 12 month high of $12.08. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 275.07 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last posted 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 company had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts forecast that Hillman Solutions Corp will post 0.53 EPS for the current year.

Analysts Set New Price Targets

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

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.