M&T Bank Corp Has $290,000 Stake in Hillman Solutions Corp (NASDAQ:HLMN)

M&T Bank Corp reduced its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 4.4% in the 3rd quarter, Holdings Channel reports. The fund owned 27,462 shares of the company’s stock after selling 1,276 shares during the quarter. M&T Bank Corp’s holdings in Hillman Solutions were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. First Horizon Advisors Inc. increased its stake in Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after purchasing an additional 2,317 shares in the last quarter. Quarry LP acquired a new position in shares of Hillman Solutions in the third quarter valued at approximately $43,000. Canada Pension Plan Investment Board bought a new stake in shares of Hillman Solutions during the second quarter worth $57,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after acquiring an additional 4,473 shares during the period. Finally, Institute for Wealth Management LLC. bought a new stake in Hillman Solutions in the 2nd quarter valued at $101,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Insider Activity

In related news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 in the company, 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. Insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Down 5.4 %

HLMN stock opened at $10.09 on Thursday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 252.31 and a beta of 1.65. Hillman Solutions Corp has a twelve month low of $8.43 and a twelve month high of $12.08. The business has a 50 day moving average price of $10.92 and a two-hundred day moving average price of $9.99. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. Analysts anticipate that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HLMN shares. Barclays increased their target price on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Benchmark lifted their target price on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Canaccord Genuity Group boosted their target price on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird raised their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.20.

Hillman Solutions Company 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.