Oppenheimer Asset Management Inc. Purchases 3,476 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Oppenheimer Asset Management Inc. lifted its position in Hillman Solutions Corp (NASDAQ:HLMN) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,807 shares of the company’s stock after acquiring an additional 3,476 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Hillman Solutions were worth $768,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HLMN. Creative Planning raised its position in shares of Hillman Solutions by 88.4% in the 3rd quarter. Creative Planning now owns 27,610 shares of the company’s stock worth $292,000 after acquiring an additional 12,957 shares in the last quarter. US Bancorp DE raised its position in shares of Hillman Solutions by 508.2% in the 3rd quarter. US Bancorp DE now owns 18,660 shares of the company’s stock worth $197,000 after acquiring an additional 15,592 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Hillman Solutions by 23.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 72,533 shares of the company’s stock valued at $766,000 after buying an additional 13,585 shares in the last quarter. Atria Investments Inc increased its position in Hillman Solutions by 24.5% during the 3rd quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock valued at $799,000 after buying an additional 14,904 shares in the last quarter. Finally, WCM Investment Management LLC increased its position in Hillman Solutions by 1.5% during the 3rd quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock valued at $34,724,000 after buying an additional 49,306 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HLMN. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Robert W. Baird reduced their price objective on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, Barclays reduced their price objective on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Hillman Solutions currently has an average rating of “Moderate Buy” and an average price target of $13.60.

Insiders Place Their Bets

In other news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the transaction, the director now directly owns 55,811 shares in the company, valued at $623,966.98. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Down 2.0 %

Hillman Solutions stock opened at $9.25 on Wednesday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 115.64 and a beta of 1.68. The stock has a fifty day simple moving average of $9.95 and a two-hundred day simple moving average of $10.29. Hillman Solutions Corp has a 12 month low of $8.43 and a 12 month high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same period in the previous year, the business posted $0.10 EPS. Equities analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

About Hillman Solutions

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.