Oppenheimer Asset Management Inc. Makes New $855,000 Investment in Hillman Solutions Corp. $HLMN

Oppenheimer Asset Management Inc. purchased a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 101,251 shares of the company’s stock, valued at approximately $855,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HLMN. Walleye Capital LLC purchased a new stake in shares of Hillman Solutions in the second quarter valued at about $1,421,000. Central Pacific Bank Trust Division raised its stake in Hillman Solutions by 8.2% during the second quarter. Central Pacific Bank Trust Division now owns 34,149 shares of the company’s stock worth $288,000 after purchasing an additional 2,580 shares during the period. California State Teachers Retirement System raised its stake in Hillman Solutions by 30.0% during the first quarter. California State Teachers Retirement System now owns 235,652 shares of the company’s stock worth $1,961,000 after purchasing an additional 54,393 shares during the period. Quantinno Capital Management LP boosted its holdings in Hillman Solutions by 114.5% in the 1st quarter. Quantinno Capital Management LP now owns 145,961 shares of the company’s stock valued at $1,214,000 after purchasing an additional 77,926 shares during the last quarter. Finally, SummitTX Capital L.P. boosted its holdings in Hillman Solutions by 77.5% in the 1st quarter. SummitTX Capital L.P. now owns 66,628 shares of the company’s stock valued at $554,000 after purchasing an additional 29,083 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HLMN shares. Weiss Ratings raised shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Canaccord Genuity Group lowered their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Barclays raised their target price on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hillman Solutions has a consensus rating of “Hold” and a consensus target price of $12.50.

Hillman Solutions Trading Up 1.4%

NASDAQ HLMN opened at $8.82 on Tuesday. Hillman Solutions Corp. has a 12 month low of $6.96 and a 12 month high of $10.85. The stock has a market capitalization of $1.72 billion, a P/E ratio of 40.09, a PEG ratio of 1.22 and a beta of 1.39. The firm’s 50-day moving average is $8.19 and its two-hundred day moving average is $8.31. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $442.25 million during the quarter, compared to analysts’ expectations of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. On average, sell-side analysts anticipate that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

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.