Clearbridge Investments LLC Has $8.55 Million Position in Hillman Solutions Corp. $HLMN

Clearbridge Investments LLC lessened its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 987,743 shares of the company’s stock after selling 84,132 shares during the period. Clearbridge Investments LLC owned about 0.50% of Hillman Solutions worth $8,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Anchor Capital Management Company LLC raised its stake in Hillman Solutions by 102.5% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock valued at $13,015,000 after acquiring an additional 717,772 shares during the period. UBS Group AG raised its stake in Hillman Solutions by 112.2% in the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after acquiring an additional 1,412,693 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in Hillman Solutions by 71.6% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 671,000 shares of the company’s stock valued at $6,160,000 after acquiring an additional 280,000 shares during the period. Conestoga Capital Advisors LLC raised its stake in 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 acquiring an additional 230,580 shares during the period. Finally, Jennison Associates LLC bought a new stake in Hillman Solutions in the 4th quarter valued at about $950,000. 98.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HLMN has been the topic of several analyst reports. Benchmark decreased their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 price target on shares of Hillman Solutions in a research report on Tuesday, March 24th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.50.

Hillman Solutions Price Performance

Shares of HLMN opened at $7.44 on Thursday. The firm has a market cap of $1.46 billion, a P/E ratio of 39.16, a P/E/G ratio of 1.03 and a beta of 1.42. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $10.85. 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 50 day simple moving average of $7.93 and a two-hundred day simple moving average of $8.63.

Hillman Solutions (NASDAQ:HLMN) last released 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). The company had revenue of $370.07 million for the quarter, compared to analysts’ expectations of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. On average, analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

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.