Teacher Retirement System of Texas Boosts Position in Hillman Solutions Corp (NASDAQ:HLMN)

Teacher Retirement System of Texas lifted its position in Hillman Solutions Corp (NASDAQ:HLMN) by 456.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,036 shares of the company’s stock after purchasing an additional 161,615 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hillman Solutions were worth $1,919,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Xponance Inc. boosted its holdings in Hillman Solutions by 10.1% in the 4th quarter. Xponance Inc. now owns 14,106 shares of the company’s stock valued at $137,000 after purchasing an additional 1,297 shares during the last quarter. Intech Investment Management LLC grew its position in Hillman Solutions by 108.9% in the fourth quarter. Intech Investment Management LLC now owns 66,158 shares of the company’s stock worth $644,000 after acquiring an additional 34,485 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Hillman Solutions during the fourth quarter worth $278,000. Cibc World Markets Corp purchased a new stake in Hillman Solutions in the fourth quarter valued at $179,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Hillman Solutions by 4.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $227,000 after purchasing an additional 1,061 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HLMN has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Barclays reduced 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. Robert W. Baird lowered their price objective on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Stock Down 0.3 %

Shares of HLMN opened at $9.02 on Friday. The company’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $10.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a 1 year low of $8.43 and a 1 year high of $12.08. The stock has a market capitalization of $1.78 billion, a PE ratio of 112.76 and a beta of 1.68.

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