Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 36.4% in the third quarter, Holdings Channel.com reports. The fund owned 38,933 shares of the company’s stock after selling 22,258 shares during the period. Victory Capital Management Inc.’s holdings in Hillman Solutions were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HLMN. Price T Rowe Associates Inc. MD increased its position in shares of Hillman Solutions by 167.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock valued at $2,660,000 after acquiring an additional 156,449 shares during the last quarter. Comerica Bank grew its holdings in shares of Hillman Solutions by 5.6% in the first quarter. Comerica Bank now owns 719,294 shares of the company’s stock valued at $7,653,000 after purchasing an additional 37,834 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Hillman Solutions by 271.3% in the second quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company’s stock valued at $6,168,000 after purchasing an additional 509,219 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Hillman Solutions by 297.3% in the second quarter. SG Americas Securities LLC now owns 57,047 shares of the company’s stock valued at $505,000 after purchasing an additional 42,688 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Hillman Solutions by 63.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,049 shares of the company’s stock valued at $195,000 after purchasing an additional 8,567 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Hillman Solutions

In other news, insider Scott Ride sold 72,523 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction 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. This represents a 50.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Up 1.2 %

HLMN stock opened at $11.40 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 285.07 and a beta of 1.65. The company has a fifty day moving average price of $10.71 and a 200 day moving average price of $9.82. Hillman Solutions Corp has a 12 month low of $7.15 and a 12 month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. During the same period in the previous year, the company posted $0.11 EPS. Hillman Solutions’s revenue was down 1.4% compared to the same quarter last year. Sell-side analysts expect that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

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.