Comerica Bank Sells 198,293 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Comerica Bank decreased its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 537,391 shares of the company's stock after selling 198,293 shares during the quarter. Comerica Bank owned about 0.27% of Hillman Solutions worth $5,234,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HLMN. Nordea Investment Management AB purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at $4,631,000. JPMorgan Chase & Co. raised its stake in shares of Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after acquiring an additional 509,016 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Hillman Solutions by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock valued at $24,244,000 after acquiring an additional 73,216 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at $17,290,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at $675,000. Hedge funds and other institutional investors own 98.11% of the company's stock.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were bought at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the acquisition, the chief financial officer now directly owns 632,752 shares in the company, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on HLMN shares. Robert W. Baird cut their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Barclays cut their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Raymond James set a $10.00 price target on shares of Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Baird R W cut shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $11.00.

Hillman Solutions Stock Up 0.9%

Hillman Solutions stock traded up $0.07 during midday trading on Friday, hitting $7.75. 1,701,763 shares of the company's stock were exchanged, compared to its average volume of 1,047,828. 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 12 month low of $6.64 and a 12 month high of $12.08. The firm has a 50-day moving average of $8.22 and a two-hundred day moving average of $9.63. The company has a market cap of $1.53 billion, a PE ratio of 96.89 and a beta of 1.70.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The company had revenue of $359.34 million for the quarter, compared to analysts' expectations of $358.14 million. During the same period in the prior year, the business earned $0.10 EPS. The firm's quarterly revenue was up 2.6% on a year-over-year basis. As a group, analysts expect that Hillman Solutions Corp will post 0.58 earnings per share 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.