Madison Investment Advisors LLC Takes Position in Hillman Solutions Corp (NASDAQ:HLMN)

Madison Investment Advisors LLC bought a new stake in Hillman Solutions Corp (NASDAQ:HLMN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 102,662 shares of the company’s stock, valued at approximately $1,000,000. Madison Investment Advisors LLC owned 0.05% of Hillman Solutions as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HLMN. Raymond James Financial Inc. acquired a new stake in shares of Hillman Solutions in the fourth quarter valued at about $11,318,000. Nordea Investment Management AB purchased a new position in shares of Hillman Solutions in the fourth quarter worth about $4,631,000. Barclays PLC lifted its stake in shares of Hillman Solutions by 326.8% in the third quarter. Barclays PLC now owns 305,468 shares of the company’s stock worth $3,226,000 after buying an additional 233,894 shares in the last quarter. Telemark Asset Management LLC lifted its stake in shares of Hillman Solutions by 20.0% in the fourth quarter. Telemark Asset Management LLC now owns 900,000 shares of the company’s stock worth $8,766,000 after buying an additional 150,000 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 1.7% in the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after buying an additional 130,273 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $9.25 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The firm’s 50-day moving average is $9.90 and its two-hundred day moving average is $10.28. Hillman Solutions Corp has a 12 month low of $8.43 and a 12 month high of $12.08. The company has a market capitalization of $1.83 billion, a PE ratio of 115.64 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last issued 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 firm had revenue of $349.56 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.10 earnings per share. Analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HLMN has been the topic of several research reports. Benchmark reissued a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Robert W. Baird decreased their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Barclays decreased their price target on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hillman Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Company Profile

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.