JPMorgan Chase & Co. Trims Stock Position in Hillman Solutions Corp. $HLMN

JPMorgan Chase & Co. lessened its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 21.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. grew its position in shares of Hillman Solutions by 18.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after purchasing an additional 1,712,688 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of Hillman Solutions by 4.2% in the third quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock worth $96,129,000 after purchasing an additional 418,313 shares during the period. Dimensional Fund Advisors LP raised its position 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 buying an additional 257,953 shares in the last quarter. American Century Companies Inc. raised its position in shares of Hillman Solutions by 65.9% in the second quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock worth $53,408,000 after buying an additional 2,972,293 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Hillman Solutions by 1.1% during the second quarter. Geode Capital Management LLC now owns 4,875,009 shares of the company’s stock valued at $34,812,000 after buying an additional 52,308 shares during the period. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN opened at $7.93 on Friday. The stock’s 50-day moving average is $9.18 and its 200 day moving average is $9.17. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 37.76 and a beta of 1.67. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $10.85. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54.

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

Insider Activity

In other Hillman Solutions news, insider Amanda Kitzberger sold 11,804 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the transaction, the insider owned 72,605 shares of the company’s stock, valued at $601,895.45. This represents a 13.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HLMN. Canaccord Genuity Group reduced 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 Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Benchmark cut their price objective on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.33.

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.