Central Pacific Bank Trust Division Takes Position in Hillman Solutions Corp. $HLMN

Key Points

• Central Pacific Bank Trust Division acquired 29,796 shares of Hillman Solutions Corp., valued at approximately $213,000, marking a significant investment in the company.
• Insider Aaron Jerrod Parker sold 4,532 shares for $44,685.52, reducing their ownership stake in Hillman Solutions by 7.41% to 56,618 shares.
• Hillman Solutions reported a quarterly revenue increase of 6.2% year-over-year, with earnings per share of $0.17, exceeding analyst estimates of $0.15.

Central Pacific Bank Trust Division bought a new stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 29,796 shares of the company's stock, valued at approximately $213,000.

Other large investors also recently made changes to their positions in the company. KBC Group NV acquired a new stake in shares of Hillman Solutions in the 1st quarter valued at about $35,000. Lazard Asset Management LLC boosted its stake in Hillman Solutions by 1,911.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after purchasing an additional 6,193 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hillman Solutions during the 4th quarter valued at about $79,000. Blueshift Asset Management LLC acquired a new position in Hillman Solutions during the 1st quarter valued at about $91,000. Finally, Lindenwold Advisors INC acquired a new position in Hillman Solutions during the 1st quarter valued at about $93,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 56,618 shares in the company, valued at approximately $558,253.48. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.90% of the company's stock.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $9.71 on Monday. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $12.08. The company's 50 day moving average price is $9.04 and its two-hundred day moving average price is $8.29. 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 has a market cap of $1.92 billion, a P/E ratio of 88.28 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted 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. The firm had revenue of $402.80 million for the quarter, compared to analysts' expectations of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The business's quarterly revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. On average, equities analysts predict that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HLMN. Canaccord Genuity Group lifted their price target on Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Barclays lifted their price target on Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Hillman Solutions from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Stifel Nicolaus lifted their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Hillman Solutions currently has an average rating of "Moderate Buy" and an average target price of $11.83.

About Hillman Solutions

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.

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