Hillman Solutions Corp. $HLMN Stock Holdings Trimmed by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors LLC has reduced its holdings in Hillman Solutions Corp. by 0.4%, now owning approximately 3.72% of the company with a value of $52.53 million.
• Insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions, representing a 7.41% decrease in his position, worth around $44,685.
• Hillman Solutions reported earnings of $0.17 per share for the last quarter, exceeding analyst estimates and showing a 6.2% increase in revenue compared to the same quarter last year.

Conestoga Capital Advisors LLC lowered its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,357,129 shares of the company's stock after selling 29,365 shares during the period. Conestoga Capital Advisors LLC owned approximately 3.72% of Hillman Solutions worth $52,530,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV bought a new stake in Hillman Solutions during the 1st quarter valued at $35,000. Blueshift Asset Management LLC acquired a new position in shares of Hillman Solutions during the 1st quarter valued at $91,000. Lindenwold Advisors INC acquired a new position in shares of Hillman Solutions during the 1st quarter valued at $93,000. AlphaQuest LLC acquired a new position in shares of Hillman Solutions during the 1st quarter valued at $103,000. Finally, Benjamin Edwards Inc. increased its position in shares of Hillman Solutions by 24.1% during the 1st quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company's stock valued at $116,000 after purchasing an additional 2,563 shares during the period. Institutional investors own 98.11% of the company's stock.

Insider Activity

In related news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction 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 directly owned 56,618 shares in the company, valued at $558,253.48. The trade was a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.90% of the stock is owned by insiders.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN opened at $9.32 on Monday. 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 capitalization of $1.84 billion, a price-to-earnings ratio of 84.73 and a beta of 1.65. The stock's fifty day simple moving average is $9.62 and its 200 day simple moving average is $8.33. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The business had revenue of $402.80 million for the quarter, compared to analysts' expectations of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.Hillman Solutions's revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HLMN has been the topic of several research analyst reports. 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 report on Wednesday, August 6th. 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 report on Wednesday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Hillman Solutions in a research report on Tuesday, October 14th. Wall Street Zen upgraded Hillman Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 4th. Finally, Stifel Nicolaus lifted their price target on Hillman Solutions from $10.75 to $12.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Hillman Solutions has a consensus rating of "Hold" and a consensus 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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