Rhumbline Advisers Trims Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Rhumbline Advisers decreased its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 298,966 shares of the company’s stock after selling 4,011 shares during the period. Rhumbline Advisers owned 0.15% of Hillman Solutions worth $2,912,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HLMN. Creative Planning increased its position in shares of Hillman Solutions by 88.4% during the third quarter. Creative Planning now owns 27,610 shares of the company’s stock valued at $292,000 after buying an additional 12,957 shares during the period. US Bancorp DE increased its holdings in Hillman Solutions by 508.2% during the 3rd quarter. US Bancorp DE now owns 18,660 shares of the company’s stock worth $197,000 after acquiring an additional 15,592 shares during the period. Janney Montgomery Scott LLC lifted its stake in Hillman Solutions by 23.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 72,533 shares of the company’s stock worth $766,000 after purchasing an additional 13,585 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Hillman Solutions by 131.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after purchasing an additional 914,151 shares during the period. Finally, Atria Investments Inc grew its position in shares of Hillman Solutions by 24.5% during the 3rd quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock valued at $799,000 after purchasing an additional 14,904 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Trading Down 0.9 %

Shares of HLMN stock opened at $9.76 on Friday. The business has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $10.29. Hillman Solutions Corp has a 12-month low of $8.43 and a 12-month high of $12.08. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.92 billion, a P/E ratio of 122.02 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $349.56 million for the quarter, compared to analysts’ expectations of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period in the prior year, the business posted $0.10 earnings per share. Equities analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Barclays lowered their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Robert W. Baird cut their price objective on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

Insider Transactions at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the transaction, the director now owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.