Avior Wealth Management LLC Sells 7,917 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Avior Wealth Management LLC reduced its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,719 shares of the company’s stock after selling 7,917 shares during the period. Avior Wealth Management LLC owned 0.05% of Hillman Solutions worth $1,020,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. boosted its holdings in shares of 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 buying an additional 2,317 shares during the period. Quarry LP bought a new stake in shares of Hillman Solutions during the 3rd quarter worth $43,000. Canada Pension Plan Investment Board bought a new stake in shares of Hillman Solutions during the 2nd quarter worth $57,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after buying an additional 4,473 shares during the period. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of Hillman Solutions during the 3rd quarter worth $132,000. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Trading Down 0.1 %

Shares of HLMN stock opened at $10.28 on Friday. Hillman Solutions Corp has a 52-week low of $8.43 and a 52-week high of $12.08. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 257.06 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The firm has a fifty day moving average of $10.41 and a 200-day moving average of $10.18.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter in the prior year, the company posted $0.11 EPS. The business’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on HLMN. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Barclays cut their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group upped their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Benchmark upped their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Robert W. Baird upped their target price 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hillman Solutions has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Insider Buying and Selling

In related news, insider Scott Ride sold 72,523 shares of the stock in a transaction dated Monday, November 18th. The shares were 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 in the company, valued at $750,133.54. This trade represents a 50.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip Woodlief sold 19,779 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate 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.