Commerce Bank Has $356,000 Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Commerce Bank lowered its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,720 shares of the company’s stock after selling 1,130 shares during the quarter. Commerce Bank’s holdings in Hillman Solutions were worth $356,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in Hillman Solutions during the 2nd quarter worth approximately $57,000. Benjamin F. Edwards & Company Inc. grew 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 valued at $78,000 after buying an additional 4,473 shares in the last quarter. Institute for Wealth Management LLC. acquired a new position in Hillman Solutions during the second quarter valued at $101,000. Stratos Wealth Advisors LLC purchased a new stake in Hillman Solutions in the 3rd quarter worth about $132,000. Finally, MBB Public Markets I LLC acquired a new stake in Hillman Solutions during the 2nd quarter worth about $133,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

HLMN stock opened at $11.18 on Wednesday. The firm has a 50 day moving average of $10.66 and a two-hundred day moving average of $9.79. Hillman Solutions Corp has a 12 month low of $7.06 and a 12 month high of $12.08. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 279.57 and a beta of 1.65. 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 issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The firm had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same period in the prior year, the company posted $0.11 earnings per share. Hillman Solutions’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Insider Activity

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the company’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 transaction of $773,095.18. Following the completion of the sale, the insider now owns 70,369 shares of the company’s stock, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.