Truist Financial Corp Sells 1,284 Shares of Hillman Solutions Corp. $HLMN

Truist Financial Corp lessened its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,761 shares of the company’s stock after selling 1,284 shares during the quarter. Truist Financial Corp’s holdings in Hillman Solutions were worth $184,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Skylands Capital LLC boosted its position in shares of Hillman Solutions by 156.5% during the 1st quarter. Skylands Capital LLC now owns 124,000 shares of the company’s stock valued at $1,090,000 after acquiring an additional 75,650 shares during the last quarter. SG Americas Securities LLC bought a new stake in Hillman Solutions in the 1st quarter worth approximately $567,000. Charles Schwab Investment Management Inc. lifted its position in Hillman Solutions by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,800 shares of the company’s stock worth $22,246,000 after buying an additional 41,690 shares during the last quarter. Vanguard Group Inc. lifted its position in Hillman Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company’s stock worth $172,067,000 after buying an additional 134,830 shares during the last quarter. Finally, MQS Management LLC bought a new stake in Hillman Solutions in the 1st quarter worth approximately $516,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Trading Down 1.2%

NASDAQ HLMN opened at $9.32 on Friday. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average is $9.62 and its 200 day moving average is $8.33. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $12.08. The firm has a market capitalization of $1.84 billion, a PE ratio of 84.73 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The business had revenue of $402.80 million for the quarter, compared to the consensus estimate of $389.45 million. 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. Research analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the business’s stock in a transaction 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 sale, the insider directly owned 56,618 shares of the company’s stock, valued at approximately $558,253.48. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

HLMN has been the subject of a number of recent research reports. Barclays boosted their target price on Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Canaccord Genuity Group lifted their price target on Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Stifel Nicolaus boosted their target price on Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Wall Street Zen raised Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.83.

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.