Teachers Retirement System of The State of Kentucky Reduces Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Teachers Retirement System of The State of Kentucky lessened its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 228,978 shares of the company’s stock after selling 14,665 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.12% of Hillman Solutions worth $2,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Hillman Solutions by 74.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,324,724 shares of the company’s stock valued at $30,622,000 after buying an additional 1,421,625 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Hillman Solutions in the 4th quarter valued at about $1,211,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Hillman Solutions during the fourth quarter worth about $208,000. Invenomic Capital Management LP acquired a new position in Hillman Solutions in the fourth quarter worth about $2,717,000. Finally, Vanguard Group Inc. increased its holdings in Hillman Solutions by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company’s stock valued at $177,455,000 after buying an additional 110,730 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Buying and Selling at Hillman Solutions

In other news, Director Aaron Jagdfeld sold 49,447 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total transaction of $447,000.88. Following the completion of the transaction, the director now directly owns 197,031 shares in the company, valued at $1,781,160.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.10% of the stock is owned by company insiders.

Hillman Solutions Stock Performance

NASDAQ:HLMN traded down $0.51 during midday trading on Friday, reaching $9.38. 905,061 shares of the company traded hands, compared to its average volume of 1,040,181. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 0.78. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -937.06 and a beta of 1.66. Hillman Solutions Corp has a twelve month low of $6.02 and a twelve month high of $10.85. The company has a fifty day moving average price of $9.14 and a 200 day moving average price of $9.42.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $354.47 million. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. On average, analysts expect that Hillman Solutions Corp will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HLMN has been the subject of several research reports. Barclays decreased their target price on Hillman Solutions from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Robert W. Baird boosted their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.58.

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.