Hillman Solutions Corp. $HLMN Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 1.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 178,243 shares of the company’s stock after selling 2,579 shares during the period. DAVENPORT & Co LLC’s holdings in Hillman Solutions were worth $1,273,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Skylands Capital LLC grew its position in Hillman Solutions by 156.5% during the 1st quarter. Skylands Capital LLC now owns 124,000 shares of the company’s stock worth $1,090,000 after purchasing an additional 75,650 shares during the last quarter. SG Americas Securities LLC purchased a new position in Hillman Solutions during the 1st quarter worth $567,000. Charles Schwab Investment Management Inc. grew its position in Hillman Solutions by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,800 shares of the company’s stock worth $22,246,000 after purchasing an additional 41,690 shares during the last quarter. Vanguard Group Inc. grew its position in Hillman Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company’s stock worth $172,067,000 after purchasing an additional 134,830 shares during the last quarter. Finally, MQS Management LLC purchased a new position in Hillman Solutions during the 1st quarter worth $516,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Up 1.8%

Shares of NASDAQ HLMN opened at $9.40 on Friday. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $12.08. The firm has a 50-day moving average price of $9.63 and a 200 day moving average price of $8.32. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 85.46 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The firm had revenue of $402.80 million during the quarter, compared to analysts’ expectations of $389.45 million. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on HLMN shares. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Stifel Nicolaus lifted their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a report on Friday, August 29th. Barclays lifted their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hillman Solutions in a report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Hillman Solutions has an average rating of “Hold” and an average target price of $11.83.

Insider Activity at Hillman Solutions

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the sale, the insider owned 56,618 shares in the company, valued at $558,253.48. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is owned by company 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.