Rhumbline Advisers Sells 3,157 Shares of Hillman Solutions Corp. $HLMN

Rhumbline Advisers reduced its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 1.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 295,809 shares of the company’s stock after selling 3,157 shares during the period. Rhumbline Advisers owned about 0.15% of Hillman Solutions worth $2,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cetera Investment Advisers raised its position in Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock valued at $329,000 after purchasing an additional 1,325 shares in the last quarter. Principal Financial Group Inc. grew its stake in Hillman Solutions by 12.4% during the 1st quarter. Principal Financial Group Inc. now owns 13,482 shares of the company’s stock worth $119,000 after buying an additional 1,491 shares during the last quarter. Victory Capital Management Inc. grew its stake in Hillman Solutions by 2.5% during the 1st quarter. Victory Capital Management Inc. now owns 76,530 shares of the company’s stock worth $673,000 after buying an additional 1,872 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Hillman Solutions by 24.1% during the 1st quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company’s stock worth $116,000 after buying an additional 2,563 shares during the last quarter. Finally, US Bancorp DE grew its stake in Hillman Solutions by 14.5% during the 1st quarter. US Bancorp DE now owns 21,356 shares of the company’s stock worth $188,000 after buying an additional 2,700 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HLMN. Canaccord Genuity Group boosted their price target on Hillman Solutions from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Stifel Nicolaus boosted their price objective on Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a report on Friday, August 29th. Barclays boosted their price objective on Hillman Solutions from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Hillman Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Hillman Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $11.83.

Insider Activity

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was 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 approximately $558,253.48. This represents a 7.41% decrease in their ownership of the stock. The sale 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.

Hillman Solutions Price Performance

HLMN stock opened at $9.74 on Wednesday. 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 business has a 50 day simple moving average of $9.13 and a 200-day simple moving average of $8.30. The firm has a market capitalization of $1.93 billion, a PE ratio of 88.55 and a beta of 1.67. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $402.80 million during the quarter, compared to analyst estimates of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The firm’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. Equities research analysts anticipate that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

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.