Hillman Solutions Corp. $HLMN Shares Sold by LPL Financial LLC

Key Points

• LPL Financial LLC reduced its stake in Hillman Solutions Corp. by 19.7%, owning 156,817 shares valued at approximately $1.38 million as of the latest SEC filing.
• Several institutional investors have significantly increased their positions in Hillman Solutions, including Skylands Capital LLC, which raised its stake by 156.5%, now owning 124,000 shares valued at $1.09 million.
• Hillman Solutions recently reported earnings of $0.17 per share, exceeding analyst expectations, with revenue of $402.8 million for the quarter, reflecting a 6.2% year-over-year increase.

LPL Financial LLC decreased its position in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 19.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,817 shares of the company's stock after selling 38,370 shares during the period. LPL Financial LLC owned 0.08% of Hillman Solutions worth $1,378,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Burgundy Asset Management Ltd. boosted its holdings in shares of Hillman Solutions by 1.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company's stock valued at $86,452,000 after purchasing an additional 160,505 shares during the period. Reinhart Partners LLC. lifted its holdings in 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 buying an additional 1,046,765 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Hillman Solutions by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company's stock worth $63,007,000 after buying an additional 67,389 shares during the period. Dimensional Fund Advisors LP lifted its holdings in 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 buying an additional 605,049 shares during the period. Finally, GW&K Investment Management LLC lifted its holdings in 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 buying an additional 899,496 shares during the period. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN traded down $0.01 during mid-day trading on Thursday, hitting $9.97. The stock had a trading volume of 743,865 shares, compared to its average volume of 1,890,322. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 2.28. The company has a 50 day moving average of $8.45 and a two-hundred day moving average of $8.34. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $12.08. The firm has a market cap of $1.97 billion, a PE ratio of 90.64 and a beta of 1.66.

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

Insider Activity

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the company's 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 of the company's stock, valued at $558,253.48. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HLMN shares. Raymond James Financial set a $10.00 target price on Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Canaccord Genuity Group upped their target price on Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Hillman Solutions from a "hold" rating to a "buy" rating in a report on Monday, August 11th. Barclays upped their target price 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, Robert W. Baird lowered their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

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.