M&T Bank Corp Cuts Position in Hillman Solutions Corp. (NASDAQ:HLMN)

M&T Bank Corp lessened its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,370 shares of the company’s stock after selling 2,115 shares during the period. M&T Bank Corp’s holdings in Hillman Solutions were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. purchased a new position in shares of Hillman Solutions in the 4th quarter valued at about $25,000. KBC Group NV purchased a new position in shares of Hillman Solutions in the 1st quarter valued at about $35,000. Sterling Capital Management LLC increased its stake in shares of Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock valued at $50,000 after purchasing an additional 4,572 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Hillman Solutions by 1,911.4% in the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company’s stock valued at $63,000 after purchasing an additional 6,193 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hillman Solutions in the 4th quarter valued at about $79,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Insider Buying and Selling at Hillman Solutions

In related news, CFO Robert O. Kraft bought 140,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the acquisition, the chief financial officer directly owned 632,752 shares in the company, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Baird R W lowered Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Raymond James Financial set a $10.00 price objective on Hillman Solutions and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Robert W. Baird cut their price objective on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus assumed coverage on Hillman Solutions in a research note on Monday, July 14th. They set a “buy” rating and a $9.50 price objective for the company. Finally, Barclays cut their price objective on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.75.

Hillman Solutions Trading Down 5.0%

Shares of Hillman Solutions stock opened at $7.82 on Friday. The stock has a market cap of $1.54 billion, a P/E ratio of 86.90 and a beta of 1.65. The stock’s 50 day simple moving average is $7.44 and its 200-day simple moving average is $8.49. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.46 and a quick ratio of 0.79.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $359.34 million for the quarter, compared to analysts’ expectations of $358.14 million. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Hillman Solutions 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.