Geode Capital Management LLC Acquires 52,308 Shares of Hillman Solutions Corp. $HLMN

Geode Capital Management LLC boosted its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 1.1% during the second quarter, HoldingsChannel.com reports. The fund owned 4,875,009 shares of the company’s stock after purchasing an additional 52,308 shares during the period. Geode Capital Management LLC’s holdings in Hillman Solutions were worth $34,812,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC acquired a new stake in Hillman Solutions during the first quarter valued at approximately $91,000. Lindenwold Advisors INC bought a new position in shares of Hillman Solutions during the 1st quarter worth approximately $93,000. AlphaQuest LLC acquired a new stake in Hillman Solutions in the 1st quarter valued at $103,000. Stratos Wealth Partners LTD. grew its position in Hillman Solutions by 18.1% in the second quarter. Stratos Wealth Partners LTD. now owns 15,206 shares of the company’s stock valued at $109,000 after acquiring an additional 2,328 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in Hillman Solutions by 24.1% during the first quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company’s stock worth $116,000 after acquiring an additional 2,563 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Stock Up 1.4%

NASDAQ:HLMN opened at $8.86 on Thursday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 80.55 and a beta of 1.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 2.28. The stock’s fifty day moving average price is $9.10 and its two-hundred day moving average price is $8.61. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $11.55.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The company had revenue of $424.94 million during the quarter, compared to the consensus estimate of $425.00 million. Hillman Solutions has set its FY 2025 guidance at EPS. On average, analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on HLMN. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 target price on shares of Hillman Solutions in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a report on Tuesday, October 14th. Stifel Nicolaus upped their price objective on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Barclays raised their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.83.

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.