Legal & General Group Plc bought a new stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 166,678 shares of the company’s stock, valued at approximately $1,407,000.
Several other large investors also recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new position in Hillman Solutions in the fourth quarter valued at about $33,000. Los Angeles Capital Management LLC bought a new position in Hillman Solutions in the 4th quarter valued at about $37,000. Brown Brothers Harriman & Co. bought a new stake in shares of Hillman Solutions during the 3rd quarter worth approximately $59,000. Advisory Services Network LLC bought a new position in Hillman Solutions in the third quarter valued at approximately $63,000. Finally, Quadrant Capital Group LLC acquired a new position in Hillman Solutions during the fourth quarter valued at approximately $74,000. 98.11% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Aaron Parker sold 17,381 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the transaction, the insider directly owned 54,723 shares in the company, valued at approximately $468,976.11. This represents a 24.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.30% of the company’s stock.
Hillman Solutions Price Performance
Hillman Solutions (NASDAQ:HLMN – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The business had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Research analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on HLMN shares. Canaccord Genuity Group reduced their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Barclays upped their price objective on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.67.
Check Out Our Latest Stock Report on Hillman Solutions
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.
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