Royal Bank of Canada Sells 243,321 Shares of Hillman Solutions Corp. $HLMN

Royal Bank of Canada reduced its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 67.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,229 shares of the company’s stock after selling 243,321 shares during the period. Royal Bank of Canada’s holdings in Hillman Solutions were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in Hillman Solutions in the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC purchased a new position in Hillman Solutions during the fourth quarter valued at approximately $37,000. Brown Brothers Harriman & Co. bought a new position in shares of Hillman Solutions in the third quarter worth approximately $59,000. Advisory Services Network LLC bought a new position in shares of Hillman Solutions in the third quarter worth approximately $63,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter worth $74,000. 98.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HLMN has been the subject of several recent analyst reports. Barclays upped their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Canaccord Genuity Group dropped their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.50.

Hillman Solutions Trading Up 0.6%

Hillman Solutions stock opened at $8.36 on Friday. Hillman Solutions Corp. has a 1 year low of $6.96 and a 1 year high of $10.85. The firm’s 50 day moving average price is $8.26 and its 200-day moving average price is $8.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The stock has a market cap of $1.63 billion, a P/E ratio of 38.00, a PEG ratio of 1.16 and a beta of 1.39.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $442.25 million during the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. On average, equities analysts predict that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Hillman Solutions Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.