Deutsche Bank AG Makes New $1.86 Million Investment in Hillman Solutions Corp. $HLMN

Key Points

• Deutsche Bank acquired 220,089 shares of Hillman Solutions in the second quarter, valued at approximately $1.86 million and representing about 0.11% of the company. Institutional investors collectively own 98.11% of HLMN.
• Analyst sentiment is mixed, with two Buy ratings, one Hold, and one Sell; the consensus rating is Hold with an average price target of $12.67.
• Hillman met quarterly EPS expectations at $0.17 and exceeded revenue estimates with $442.25 million, while the stock recently opened at $7.77 and remains near the lower end of its 52-week range.

Deutsche Bank AG bought a new stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 220,089 shares of the company's stock, valued at approximately $1,858,000. Deutsche Bank AG owned about 0.11% of Hillman Solutions at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of Hillman Solutions during the fourth quarter worth $33,000. Los Angeles Capital Management LLC acquired a new position in Hillman Solutions in the 4th quarter valued at $37,000. Brown Brothers Harriman & Co. purchased a new position in Hillman Solutions during the 3rd quarter worth $59,000. Advisory Services Network LLC purchased a new position in Hillman Solutions during the 3rd quarter worth $63,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Hillman Solutions in the 4th quarter worth $74,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HLMN. Weiss Ratings raised shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Canaccord Genuity Group cut their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, July 1st. Barclays raised their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Finally, Wall Street Zen cut Hillman Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $12.67.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 17,381 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the transaction, the insider directly owned 54,723 shares of the company's stock, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.30% of the company's stock.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $7.77 on Friday. The firm's fifty day simple moving average is $8.26 and its 200-day simple moving average is $8.21. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.51 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. Hillman Solutions Corp. has a fifty-two week low of $6.96 and a fifty-two week high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $442.25 million during the quarter, compared to analysts' expectations of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. Analysts expect that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Hillman Solutions Profile

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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