Jefferies Financial Group Inc. Lowers Stock Position in Hillman Solutions Corp. $HLMN

Jefferies Financial Group Inc. cut its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,979,047 shares of the company’s stock after selling 169,271 shares during the quarter. Hillman Solutions makes up approximately 0.3% of Jefferies Financial Group Inc.’s holdings, making the stock its 14th biggest position. Jefferies Financial Group Inc.’s holdings in Hillman Solutions were worth $73,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd lifted its holdings in Hillman Solutions by 23.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 35,014 shares of the company’s stock valued at $321,000 after purchasing an additional 6,704 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Hillman Solutions by 95.9% in the third quarter. First Trust Advisors LP now owns 266,616 shares of the company’s stock worth $2,448,000 after purchasing an additional 130,528 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hillman Solutions by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 8,478,127 shares of the company’s stock worth $77,829,000 after purchasing an additional 257,953 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Hillman Solutions by 5.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 247,269 shares of the company’s stock worth $2,270,000 after purchasing an additional 13,222 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Hillman Solutions by 7.3% during the 3rd quarter. Victory Capital Management Inc. now owns 86,426 shares of the company’s stock valued at $793,000 after purchasing an additional 5,847 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HLMN shares. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Benchmark decreased their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Canaccord Genuity Group lowered their price objective on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Hillman Solutions Trading Down 1.5%

Hillman Solutions stock opened at $8.14 on Monday. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $10.85. The firm’s 50 day moving average price is $9.35 and its 200-day moving average price is $9.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The stock has a market cap of $1.60 billion, a P/E ratio of 38.76 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $365.14 million during the quarter, compared to analyst estimates of $371.69 million. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. Hillman Solutions’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, equities analysts predict that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Hillman Solutions 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.