Hillman Solutions Corp. $HLMN Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,923 shares of the company’s stock after selling 1,820 shares during the quarter. Cetera Investment Advisers’ holdings in Hillman Solutions were worth $281,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Burgundy Asset Management Ltd. raised its stake in shares of Hillman Solutions by 1.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock valued at $86,452,000 after purchasing an additional 160,505 shares in the last quarter. Reinhart Partners LLC. raised its stake in shares of Hillman Solutions by 13.8% in the 1st quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company’s stock valued at $76,115,000 after purchasing an additional 1,046,765 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Hillman Solutions by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company’s stock valued at $63,007,000 after purchasing an additional 67,389 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock valued at $62,521,000 after purchasing an additional 605,049 shares in the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of Hillman Solutions by 35.0% in the 1st quarter. GW&K Investment Management LLC now owns 3,470,678 shares of the company’s stock valued at $30,507,000 after purchasing an additional 899,496 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Trading Down 1.6%

Hillman Solutions stock opened at $9.68 on Thursday. The firm has a 50 day simple moving average of $8.08 and a 200-day simple moving average of $8.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72. The stock has a market capitalization of $1.91 billion, a PE ratio of 88.01 and a beta of 1.66. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $402.80 million during the quarter, compared to analysts’ expectations of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. Hillman Solutions’s revenue for the quarter was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on HLMN. Wall Street Zen upgraded shares of Hillman Solutions from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. Robert W. Baird dropped their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus began coverage on shares of Hillman Solutions in a research note on Monday, July 14th. They set a “buy” rating and a $9.50 price objective on the stock. Raymond James Financial set a $10.00 price objective on shares of Hillman Solutions and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Canaccord Genuity Group increased their price objective on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.42.

Insider Activity

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the transaction, the insider directly owned 56,618 shares in the company, valued at $558,253.48. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.90% of the stock is owned by company insiders.

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.