Bank of New York Mellon Corp Makes New $6.38 Million Investment in Hillman Solutions Corp. $HLMN

Key Points

• Bank of New York Mellon acquired 756,318 Hillman Solutions shares valued at approximately $6.38 million, representing about 0.39% of the company. Institutional investors collectively own 98.11% of HLMN.
• Hillman reported quarterly earnings of $0.17 per share, in line with estimates, while revenue of $442.25 million exceeded analyst expectations of $433.67 million.
• HLMN shares opened at $7.68, below the analyst consensus price target of $12.67. Analysts’ overall rating is Hold, with two Buy, one Hold, and one Sell recommendation.

Bank of New York Mellon Corp acquired a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 756,318 shares of the company's stock, valued at approximately $6,383,000. Bank of New York Mellon Corp owned approximately 0.39% of Hillman Solutions as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in Hillman Solutions during the fourth quarter worth about $33,000. Los Angeles Capital Management LLC acquired a new position in shares of Hillman Solutions during the 4th quarter worth approximately $37,000. Brown Brothers Harriman & Co. bought a new stake in Hillman Solutions in the 3rd quarter valued at $59,000. Advisory Services Network LLC acquired a new stake in Hillman Solutions during the 3rd quarter valued at $63,000. Finally, Quadrant Capital Group LLC bought a new position in Hillman Solutions during the fourth quarter worth $74,000. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Price Performance

HLMN stock opened at $7.68 on Friday. The company has a 50 day simple moving average of $8.21 and a 200 day simple moving average of $8.12. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.08 and a beta of 1.38. Hillman Solutions Corp. has a 1 year low of $6.96 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, meeting analysts' consensus estimates of $0.17. The firm had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. Research analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In related news, insider Aaron Parker sold 17,381 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the sale, the insider owned 54,723 shares in the company, valued at $468,976.11. The trade was a 24.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HLMN has been the subject of a number of research reports. Canaccord Genuity Group cut their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, July 1st. Weiss Ratings upgraded shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Finally, Barclays increased their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.67.

About Hillman Solutions

Hillman Solutions NASDAQ: HLMN is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company's portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman's product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.

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