Hillman Solutions Corp. $HLMN Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 21.1% during the third quarter, HoldingsChannel.com reports. The fund owned 6,357,074 shares of the company’s stock after selling 1,698,543 shares during the period. JPMorgan Chase & Co.’s holdings in Hillman Solutions were worth $58,358,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HLMN. Oppenheimer Asset Management Inc. boosted its position in shares of Hillman Solutions by 62.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 121,629 shares of the company’s stock valued at $1,117,000 after purchasing an additional 46,692 shares during the period. Ballast Asset Management LP lifted its stake in Hillman Solutions by 2.2% during the third quarter. Ballast Asset Management LP now owns 434,191 shares of the company’s stock valued at $3,986,000 after buying an additional 9,401 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Hillman Solutions by 15.5% in the third quarter. AlphaQuest LLC now owns 29,189 shares of the company’s stock worth $268,000 after buying an additional 3,912 shares during the period. Coastal Bridge Advisors LLC purchased a new position in shares of Hillman Solutions in the third quarter worth approximately $121,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Hillman Solutions during the third quarter valued at approximately $96,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HLMN has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Wall Street Zen lowered Hillman Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Benchmark decreased their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Canaccord Genuity Group lowered their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.33.

Hillman Solutions Stock Down 2.5%

Hillman Solutions stock opened at $8.34 on Thursday. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $10.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.62 and a current ratio of 2.51. The firm has a market cap of $1.64 billion, a PE ratio of 39.69 and a beta of 1.65. The firm’s 50 day moving average price is $9.47 and its two-hundred day moving average price is $9.36.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The business had revenue of $365.14 million for the quarter, compared to analysts’ expectations of $371.69 million. During the same period in the previous year, the company posted $0.10 EPS. Hillman Solutions’s revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Hillman Solutions Company Profile

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.