Bank of America Corp DE Has $13.76 Million Position in Hillman Solutions Corp (NASDAQ:HLMN)

Bank of America Corp DE reduced its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 33.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,412,470 shares of the company's stock after selling 704,220 shares during the period. Bank of America Corp DE owned approximately 0.72% of Hillman Solutions worth $13,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new position in shares of Hillman Solutions in the fourth quarter worth about $103,000. BNP Paribas Financial Markets bought a new stake in shares of Hillman Solutions in the 4th quarter worth about $1,443,000. Ameriprise Financial Inc. raised its stake in shares of Hillman Solutions by 2.8% in the 4th quarter. Ameriprise Financial Inc. now owns 1,450,050 shares of the company's stock valued at $14,123,000 after purchasing an additional 39,612 shares in the last quarter. Connors Investor Services Inc. bought a new position in Hillman Solutions during the fourth quarter worth $2,189,000. Finally, Northern Trust Corp increased its stake in Hillman Solutions by 8.6% during the fourth quarter. Northern Trust Corp now owns 2,671,789 shares of the company's stock valued at $26,023,000 after purchasing an additional 212,599 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Stock Up 4.6%

NASDAQ HLMN traded up $0.33 during trading on Tuesday, reaching $7.58. The company's stock had a trading volume of 1,194,277 shares, compared to its average volume of 1,068,647. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.50 billion, a PE ratio of 94.76 and a beta of 1.70. Hillman Solutions Corp has a 1-year low of $6.64 and a 1-year high of $12.08. The business has a 50-day moving average price of $7.86 and a 200-day moving average price of $9.39.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CFO Robert O. Kraft acquired 140,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average cost of $7.09 per share, with a total value of $992,600.00. Following the acquisition, the chief financial officer now owns 632,752 shares in the company, valued at approximately $4,486,211.68. This represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.10% of the company's stock.

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.