Susquehanna International Group LLP decreased its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 67.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,312 shares of the company's stock after selling 195,102 shares during the period. Susquehanna International Group LLP's holdings in Hillman Solutions were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Hillman Solutions during the second quarter valued at $125,138,000. Reinhart Partners LLC. lifted its stake in Hillman Solutions by 8.8% in the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company's stock valued at $98,625,000 after buying an additional 916,986 shares in the last quarter. Bank of Montreal Can lifted its stake in Hillman Solutions by 71,052.9% in the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company's stock valued at $93,999,000 after buying an additional 10,839,127 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hillman Solutions by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company's stock worth $80,358,000 after buying an additional 870,216 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Hillman Solutions during the 2nd quarter worth approximately $67,324,000. Hedge funds and other institutional investors own 98.11% of the company's stock.
Analyst Upgrades and Downgrades
HLMN has been the topic of a number of research analyst reports. Barclays lifted their price target on Hillman Solutions from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Monday, August 10th. Canaccord Genuity Group decreased their price objective on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Finally, Weiss Ratings raised shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Two equities research 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's stock. Based on data from MarketBeat.com, Hillman Solutions has a consensus rating of "Hold" and a consensus price target of $12.67.
Check Out Our Latest Stock Report on Hillman Solutions
Hillman Solutions Stock Performance
Shares of Hillman Solutions stock opened at $7.70 on Tuesday. The business's 50 day moving average price is $8.26 and its 200 day moving average price is $8.18. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. Hillman Solutions Corp. has a one year low of $6.96 and a one year high of $10.85.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The company had revenue of $442.25 million during the quarter, compared to analysts' expectations of $433.67 million. On average, research analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current year.
Insider Transactions at Hillman Solutions
In related news, insider Aaron Jerrod Parker sold 17,381 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider directly owned 54,723 shares in the company, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.30% of the company's stock.
About Hillman Solutions
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Hillman Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hillman Solutions wasn't on the list.
While Hillman Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
