Hodges Capital Management Inc. Raises Holdings in Hillman Solutions Corp. $HLMN

Hodges Capital Management Inc. grew its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 29.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 320,625 shares of the company’s stock after purchasing an additional 72,000 shares during the quarter. Hodges Capital Management Inc.’s holdings in Hillman Solutions were worth $2,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Skylands Capital LLC increased its stake in Hillman Solutions by 42.1% during the 1st quarter. Skylands Capital LLC now owns 538,600 shares of the company’s stock valued at $4,481,000 after purchasing an additional 159,650 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Hillman Solutions by 10.3% during the first quarter. Janney Montgomery Scott LLC now owns 138,639 shares of the company’s stock worth $1,153,000 after buying an additional 12,959 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Hillman Solutions by 23.9% during the first quarter. Pictet Asset Management Holding SA now owns 29,804 shares of the company’s stock valued at $248,000 after buying an additional 5,741 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Hillman Solutions by 152.5% during the first quarter. SG Americas Securities LLC now owns 81,780 shares of the company’s stock valued at $680,000 after buying an additional 49,398 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Hillman Solutions by 32.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 21,811 shares of the company’s stock valued at $189,000 after acquiring an additional 5,378 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HLMN. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Canaccord Genuity Group dropped their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Weiss Ratings lowered Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.25.

Hillman Solutions Stock Down 2.1%

HLMN stock opened at $7.95 on Tuesday. The firm has a market cap of $1.56 billion, a PE ratio of 41.84, a P/E/G ratio of 1.13 and a beta of 1.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 2.95. The firm’s fifty day moving average is $7.76 and its 200 day moving average is $8.53. Hillman Solutions Corp. has a one year low of $6.96 and a one year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The firm had revenue of $370.07 million during the quarter, compared to analyst estimates of $371.73 million. During the same quarter last year, the company posted $0.10 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, research analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Hillman Solutions Company 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.