Invesco Ltd. Trims Position in Hillman Solutions Corp. $HLMN

Key Points

• Invesco Ltd. reduced its stake in Hillman Solutions Corp. by 9.2%, selling 43,896 shares and now holding approximately 0.22% of the company's stock valued at $3,785,000.
• After recent transactions, 98.11% of Hillman Solutions' stock is owned by hedge funds and other institutional investors, indicating significant institutional interest.
• Analysts maintain a consensus rating of "Moderate Buy" for Hillman Solutions, with a target price of $11.42, reflecting positive expectations for the company's growth.

Invesco Ltd. lowered its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 430,658 shares of the company's stock after selling 43,896 shares during the quarter. Invesco Ltd. owned 0.22% of Hillman Solutions worth $3,785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HLMN. Reinhart Partners LLC. increased its position in shares of Hillman Solutions by 13.8% during the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock worth $76,115,000 after purchasing an additional 1,046,765 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of Hillman Solutions by 35.0% during the first quarter. GW&K Investment Management LLC now owns 3,470,678 shares of the company's stock worth $30,507,000 after purchasing an additional 899,496 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hillman Solutions by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock worth $62,521,000 after purchasing an additional 605,049 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Hillman Solutions during the fourth quarter worth about $3,957,000. Finally, Susquehanna International Group LLP increased its position in shares of Hillman Solutions by 126.2% during the fourth quarter. Susquehanna International Group LLP now owns 386,912 shares of the company's stock worth $3,769,000 after purchasing an additional 215,838 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hillman Solutions

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 sale, the insider owned 56,618 shares of the company's stock, valued at approximately $558,253.48. This represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.90% of the company's stock.

Hillman Solutions Price Performance

Shares of HLMN stock traded down $0.15 during midday trading on Tuesday, reaching $9.73. 397,818 shares of the company traded hands, compared to its average volume of 1,437,247. The firm's 50 day simple moving average is $8.57 and its two-hundred day simple moving average is $8.31. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72. The firm has a market cap of $1.92 billion, a PE ratio of 88.60 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The company had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions's revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HLMN shares. Canaccord Genuity Group raised their price target on Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Stifel Nicolaus raised their price target on Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a report on Friday. Barclays raised their price target on Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised Hillman Solutions from a "hold" rating to a "buy" rating in a report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Hillman Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $11.83.

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.