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

Comerica Bank trimmed its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and 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 0.27% of Hillman Solutions worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HLMN. Envestnet Portfolio Solutions Inc. boosted its position in Hillman Solutions by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after buying an additional 1,061 shares in the last quarter. Xponance Inc. raised its stake in shares of Hillman Solutions by 10.1% in the fourth quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after acquiring an additional 1,297 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock worth $1,404,000 after acquiring an additional 1,562 shares in the last quarter. MetLife Investment Management LLC grew its position in Hillman Solutions by 2.0% during the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock worth $1,163,000 after acquiring an additional 2,391 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in Hillman Solutions during the 4th quarter valued at $25,000. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Trading Up 3.4 %

Shares of NASDAQ HLMN opened at $7.38 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a twelve month low of $6.64 and a twelve month high of $12.08. The company's fifty day moving average is $8.38 and its 200-day moving average is $9.72. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 92.26 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HLMN. Barclays decreased their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Benchmark restated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Robert W. Baird reduced their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, Baird R W lowered 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 two have assigned a buy rating to the company's stock. According to data from MarketBeat, Hillman Solutions currently has an average rating of "Hold" and an average price target of $11.25.

Insider Transactions at Hillman Solutions

In related news, CFO Robert O. Kraft acquired 140,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was bought at an average price 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 of the company's stock, valued at approximately $4,486,211.68. The trade was a 28.41 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.