Hillman Solutions Corp. (NASDAQ:HLMN) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC decreased its stake in Hillman Solutions Corp. by 3.7%, now owning approximately 1.17% of the company's shares valued at $20.26 million.
• A significant percentage, 98.11%, of Hillman Solutions' stock is currently held by hedge funds and institutional investors, with some institutions like Sterling Capital Management increasing their positions by over 765%.
• Hillman Solutions has received a mixed bag of analyst ratings, with the consensus rating being "Hold" and an average price target of $10.75, while shares recently opened at $7.75.

Natixis Advisors LLC reduced its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,304,835 shares of the company's stock after selling 87,578 shares during the period. Natixis Advisors LLC owned approximately 1.17% of Hillman Solutions worth $20,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Skylands Capital LLC increased its holdings in Hillman Solutions by 156.5% during the 1st quarter. Skylands Capital LLC now owns 124,000 shares of the company's stock valued at $1,090,000 after acquiring an additional 75,650 shares in the last quarter. SG Americas Securities LLC bought a new stake in Hillman Solutions during the first quarter valued at $567,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Hillman Solutions during the fourth quarter valued at approximately $17,290,000. Barclays PLC grew its position in Hillman Solutions by 11.2% in the 4th quarter. Barclays PLC now owns 339,733 shares of the company's stock valued at $3,309,000 after buying an additional 34,265 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Hillman Solutions during the 4th quarter valued at about $675,000. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN traded down $0.06 during midday trading on Thursday, hitting $9.94. 1,626,689 shares of the company's stock traded hands, compared to its average volume of 1,453,209. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $12.08. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 90.37 and a beta of 1.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 2.46. The firm has a fifty day moving average of $7.58 and a 200 day moving average of $8.37.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Hillman Solutions had a return on equity of 8.91% and a net margin of 1.44%. The business had revenue of $402.80 million for the quarter, compared to analysts' expectations of $389.45 million. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HLMN shares. Baird R W lowered shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Robert W. Baird dropped their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Raymond James Financial set a $10.00 price objective on shares of Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus initiated coverage on shares of Hillman Solutions in a research report on Monday, July 14th. They set a "buy" rating and a $9.50 price objective for the company. Finally, Barclays raised their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hillman Solutions has an average rating of "Hold" and an average price target of $11.42.

Hillman Solutions Company 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.