PNC Financial Services Group Inc. Sells 16,629 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

PNC Financial Services Group Inc. lowered its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 9.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 162,167 shares of the company’s stock after selling 16,629 shares during the period. PNC Financial Services Group Inc.’s holdings in Hillman Solutions were worth $1,712,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Hillman Solutions by 167.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock valued at $2,660,000 after acquiring an additional 156,449 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Hillman Solutions by 1.5% during the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after buying an additional 49,306 shares during the period. Bank of New York Mellon Corp increased its position in shares of Hillman Solutions by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock worth $7,137,000 after buying an additional 70,861 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Hillman Solutions by 131.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after buying an additional 914,151 shares during the period. Finally, Atria Investments Inc increased its position in shares of Hillman Solutions by 24.5% during the third quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock worth $799,000 after buying an additional 14,904 shares during the period. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Down 3.1 %

Shares of NASDAQ HLMN opened at $11.18 on Wednesday. The stock has a market capitalization of $2.20 billion, a P/E ratio of 279.57 and a beta of 1.65. The company has a 50-day moving average price of $10.66 and a 200-day moving average price of $9.79. Hillman Solutions Corp has a 1 year low of $7.06 and a 1 year high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

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, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. On average, equities research analysts forecast that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Insider Activity at Hillman Solutions

In related news, insider Scott Ride sold 72,523 shares of the firm’s 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 transaction, the insider now directly owns 70,369 shares of the company’s stock, valued at $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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