Hillman Solutions Corp. $HLMN is Anchor Capital Management Company LLC’s Largest Position

Anchor Capital Management Company LLC grew its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 33.1% in the first quarter, Holdings Channel reports. The fund owned 2,535,478 shares of the company’s stock after purchasing an additional 630,000 shares during the period. Hillman Solutions accounts for about 22.8% of Anchor Capital Management Company LLC’s portfolio, making the stock its largest holding. Anchor Capital Management Company LLC’s holdings in Hillman Solutions were worth $21,095,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HLMN. UBS Group AG increased its position in Hillman Solutions by 112.2% during the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock worth $23,134,000 after purchasing an additional 1,412,693 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in Hillman Solutions by 18.5% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 864,598 shares of the company’s stock worth $7,193,000 after purchasing an additional 135,057 shares during the period. Congruence Capital LLC acquired a new position in Hillman Solutions in the 4th quarter valued at about $6,437,000. Jennison Associates LLC acquired a new position in Hillman Solutions in the 4th quarter valued at about $950,000. Finally, Conestoga Capital Advisors LLC grew its stake in shares of Hillman Solutions by 4.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock valued at $49,487,000 after buying an additional 230,580 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Trading Up 1.3%

NASDAQ HLMN opened at $7.97 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.82. The stock has a market capitalization of $1.56 billion, a P/E ratio of 41.95, a PEG ratio of 1.11 and a beta of 1.38. The firm’s 50-day moving average is $7.76 and its two-hundred day moving average is $8.44. Hillman Solutions Corp. has a 12 month low of $6.96 and a 12 month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results 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). The company had revenue of $370.07 million for the quarter, compared to analyst estimates of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. Hillman Solutions’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, sell-side analysts anticipate that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

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

Hillman Solutions 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.