Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its position in Hillman Solutions Corp (NASDAQ:HLMN) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,797,612 shares of the company’s stock after selling 204,134 shares during the quarter. Clearbridge Investments LLC owned 0.91% of Hillman Solutions worth $17,509,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Hillman Solutions during the 4th quarter valued at $32,000. Quarry LP acquired a new stake in shares of Hillman Solutions during the third quarter valued at about $43,000. Venturi Wealth Management LLC increased its position in shares of Hillman Solutions by 1,337.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock worth $68,000 after acquiring an additional 6,500 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Hillman Solutions by 285.7% in the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company’s stock worth $78,000 after acquiring an additional 5,915 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Hillman Solutions in the fourth quarter valued at about $106,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HLMN shares. Barclays cut their target price on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Benchmark reiterated a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Robert W. Baird reduced their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Hillman Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Hillman Solutions Stock Up 1.5 %

HLMN stock opened at $8.99 on Thursday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 112.39 and a beta of 1.68. Hillman Solutions Corp has a 1-year low of $8.43 and a 1-year high of $12.08. The firm has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $10.22. 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 announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. During the same period in the prior year, the company earned $0.10 EPS. Research analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current year.

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.