Commerce Bank Sells 1,130 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Commerce Bank cut its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,720 shares of the company’s stock after selling 1,130 shares during the period. Commerce Bank’s holdings in Hillman Solutions were worth $356,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in Hillman Solutions by 158.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock worth $62,518,000 after buying an additional 4,336,039 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after acquiring an additional 914,151 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after acquiring an additional 578,042 shares during the period. Reinhart Partners LLC. raised its stake in Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after purchasing an additional 503,809 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in Hillman Solutions by 3.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock valued at $85,125,000 after purchasing an additional 328,740 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Stock Down 3.1 %

NASDAQ HLMN opened at $11.18 on Wednesday. Hillman Solutions Corp has a 1-year low of $7.06 and a 1-year high of $12.08. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 279.57 and a beta of 1.65. The stock’s 50 day moving average is $10.66 and its two-hundred day moving average is $9.79. 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 (NASDAQ:HLMN) last posted its earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $389.50 million. During the same quarter last year, the company earned $0.11 EPS. Hillman Solutions’s revenue was down 1.4% on a year-over-year basis. Equities analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on HLMN. Barclays boosted their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price target on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Canaccord Genuity Group lifted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.60.

Insider Activity

In other news, insider Scott Ride sold 72,523 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 70,369 shares of the company’s stock, valued at $750,133.54. The trade was a 50.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is owned by corporate insiders.

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.