Leith Wheeler Investment Counsel Ltd. Sells 23,807 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Leith Wheeler Investment Counsel Ltd. reduced its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 665,911 shares of the company’s stock after selling 23,807 shares during the quarter. Leith Wheeler Investment Counsel Ltd.’s holdings in Hillman Solutions were worth $6,486,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HLMN. Northern Trust Corp grew its stake in shares of Hillman Solutions by 8.6% during the 4th quarter. Northern Trust Corp now owns 2,671,789 shares of the company’s stock valued at $26,023,000 after acquiring an additional 212,599 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Hillman Solutions by 8.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 104,032 shares of the company’s stock valued at $1,013,000 after acquiring an additional 7,879 shares during the period. Quarry LP grew its stake in shares of Hillman Solutions by 122.6% during the 4th quarter. Quarry LP now owns 9,023 shares of the company’s stock valued at $88,000 after acquiring an additional 4,970 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Hillman Solutions during the 4th quarter valued at approximately $172,000. Finally, Oxford Asset Management LLP bought a new position in shares of Hillman Solutions during the 4th quarter valued at approximately $108,000. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Trading Down 1.3 %

Shares of HLMN opened at $7.57 on Tuesday. Hillman Solutions Corp has a 1-year low of $7.24 and a 1-year high of $12.08. The company has a 50-day moving average of $8.69 and a 200 day moving average of $9.85. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 94.64 and a beta of 1.67. 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 results on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business had revenue of $349.56 million during the quarter, compared to analysts’ expectations of $350.45 million. During the same period in the previous year, the company posted $0.10 EPS. On average, research analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Benchmark reissued a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Baird R W cut Hillman Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 16th. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Barclays decreased their price objective on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $9.00 target price (down previously from $12.00) on shares of Hillman Solutions in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.50.

Hillman Solutions Company 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.