Nordea Investment Management AB Cuts Holdings in Hillman Solutions Corp. $HLMN

Nordea Investment Management AB lowered its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 653,948 shares of the company’s stock after selling 95,895 shares during the period. Nordea Investment Management AB owned about 0.33% of Hillman Solutions worth $5,716,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. CWM LLC increased its stake in shares of Hillman Solutions by 106.3% in the 3rd quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Hillman Solutions during the third quarter worth approximately $59,000. Advisory Services Network LLC purchased a new position in Hillman Solutions during the third quarter worth approximately $63,000. QRG Capital Management Inc. acquired a new stake in Hillman Solutions in the third quarter valued at approximately $95,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Hillman Solutions in the third quarter valued at approximately $96,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

NASDAQ:HLMN opened at $8.32 on Friday. Hillman Solutions Corp. has a 12 month low of $6.55 and a 12 month high of $10.85. The stock has a 50 day moving average of $9.02 and a two-hundred day moving average of $9.11. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.64 billion, a P/E ratio of 39.62, a price-to-earnings-growth ratio of 1.16 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $365.14 million for the quarter, compared to the consensus estimate of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. On average, analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several research analyst reports. Benchmark reduced their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price target on shares of Hillman Solutions in a report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Insiders Place Their Bets

In other Hillman Solutions news, insider Amanda Kitzberger sold 11,804 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total value of $97,855.16. Following the transaction, the insider owned 72,605 shares in the company, valued at approximately $601,895.45. This trade represents a 13.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.90% of the company’s stock.

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.