Jupiter Topco LLC Acquires Shares of 81,198 Hillman Solutions Corp. $HLMN

Jupiter Topco LLC acquired a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 81,198 shares of the company’s stock, valued at approximately $686,000.

Several other large investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Hillman Solutions in the 4th quarter valued at approximately $33,000. Los Angeles Capital Management LLC purchased a new position in Hillman Solutions in the fourth quarter worth $37,000. Brown Brothers Harriman & Co. acquired a new stake in Hillman Solutions in the third quarter valued at $59,000. Advisory Services Network LLC purchased a new stake in shares of Hillman Solutions during the 3rd quarter worth $63,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Hillman Solutions during the 4th quarter worth $74,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hillman Solutions

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

Wall Street Analyst Weigh In

A number of analysts recently commented on HLMN shares. Canaccord Genuity Group decreased their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Barclays boosted their price target on 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 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.67.

Hillman Solutions Stock Performance

Shares of HLMN opened at $7.68 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. Hillman Solutions Corp. has a 1-year low of $6.96 and a 1-year high of $10.85. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38. The firm has a 50 day simple moving average of $8.21 and a 200-day simple moving average of $8.11.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $442.25 million during the quarter, compared to analysts’ expectations of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. Equities analysts forecast 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.