Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 20.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,648,997 shares of the company’s stock after selling 2,283,905 shares during the quarter. JPMorgan Chase & Co. owned 4.40% of Hillman Solutions worth $91,333,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC raised its position in shares of Hillman Solutions by 20.0% in the third quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock worth $357,000 after acquiring an additional 5,273 shares during the period. Geode Capital Management LLC raised its holdings in Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock worth $50,203,000 after purchasing an additional 113,692 shares during the period. Barclays PLC boosted its position in Hillman Solutions by 326.8% during the third quarter. Barclays PLC now owns 305,468 shares of the company’s stock worth $3,226,000 after purchasing an additional 233,894 shares in the last quarter. XTX Topco Ltd acquired a new stake in Hillman Solutions in the third quarter valued at approximately $275,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Hillman Solutions in the third quarter valued at approximately $210,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Down 3.7 %

Shares of NASDAQ HLMN opened at $9.38 on Friday. The stock has a market cap of $1.84 billion, a PE ratio of 234.56 and a beta of 1.65. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The company has a 50-day moving average of $10.75 and a 200 day moving average of $10.05.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. During the same period in the prior year, the business earned $0.11 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HLMN shares. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday. Barclays lifted their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Benchmark lifted their price objective on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Canaccord Genuity Group increased their target price on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.20.

Insiders Place Their Bets

In related news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the transaction, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the sale, the insider now directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

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.