The Manufacturers Life Insurance Company Acquires Shares of 95,844 Hillman Solutions Corp. $HLMN

The Manufacturers Life Insurance Company bought a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 95,844 shares of the company’s stock, valued at approximately $809,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Hillman Solutions during the second quarter worth $125,138,000. Bank of Montreal Can raised its position in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after purchasing an additional 10,839,127 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hillman Solutions in the 2nd quarter valued at about $30,105,000. UBS Group AG boosted its holdings in Hillman Solutions by 112.2% in the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock worth $23,134,000 after buying an additional 1,412,693 shares during the last quarter. Finally, Reinhart Partners LLC. increased its stake in Hillman Solutions by 8.8% during the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after buying an additional 916,986 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

HLMN stock opened at $7.68 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The business has a 50 day simple moving average of $8.21 and a 200-day simple moving average of $8.12. The firm has a market capitalization of $1.49 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38. Hillman Solutions Corp. has a 1 year low of $6.96 and a 1 year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $442.25 million for 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 anticipate that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Hillman Solutions

In other news, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the transaction, the insider owned 54,723 shares in the company, valued at $468,976.11. The trade was a 24.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.