State of Wyoming Sells 3,101 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

State of Wyoming decreased its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 7.6% in the fourth quarter, HoldingsChannel reports. The fund owned 37,465 shares of the company’s stock after selling 3,101 shares during the quarter. State of Wyoming’s holdings in Hillman Solutions were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HLMN. Barclays PLC grew its position in shares of Hillman Solutions by 326.8% during the 3rd quarter. Barclays PLC now owns 305,468 shares of the company’s stock valued at $3,226,000 after acquiring an additional 233,894 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Hillman Solutions by 28.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 93,453 shares of the company’s stock valued at $910,000 after acquiring an additional 20,920 shares during the period. R Squared Ltd bought a new stake in shares of Hillman Solutions during the 4th quarter valued at $32,000. Entropy Technologies LP bought a new stake in shares of Hillman Solutions during the 4th quarter valued at $106,000. Finally, Venturi Wealth Management LLC grew its position in shares of Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock valued at $68,000 after acquiring an additional 6,500 shares during the period. Institutional investors own 98.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HLMN shares. Baird R W downgraded shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Raymond James set a $10.00 target price on shares of Hillman Solutions and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Barclays lowered their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Benchmark restated a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, Robert W. Baird lowered their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

Insiders Place Their Bets

In related news, CFO Robert O. Kraft purchased 140,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were acquired at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the purchase, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Hillman Solutions Stock Down 5.6%

HLMN opened at $7.42 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a fifty-two week low of $6.64 and a fifty-two week high of $12.08. The firm’s fifty day moving average is $8.00 and its 200 day moving average is $9.50. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 92.76 and a beta of 1.70.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $359.34 million for the quarter, compared to analysts’ expectations of $358.14 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. On average, sell-side analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

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.