WCM Investment Management LLC Has $21.11 Million Stock Holdings in Hillman Solutions Corp. $HLMN

WCM Investment Management LLC trimmed its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 1.2% during the second quarter, HoldingsChannel.com reports. The firm owned 2,956,955 shares of the company’s stock after selling 35,210 shares during the period. WCM Investment Management LLC’s holdings in Hillman Solutions were worth $21,113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HLMN. T. Rowe Price Investment Management Inc. lifted its stake in shares of Hillman Solutions by 240.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,042,490 shares of the company’s stock worth $53,114,000 after acquiring an additional 4,267,364 shares during the period. Nuveen LLC acquired a new position in shares of Hillman Solutions in the first quarter worth approximately $29,335,000. Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 16.1% in the second quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company’s stock worth $71,780,000 after acquiring an additional 1,393,980 shares during the period. American Century Companies Inc. lifted its stake in shares of Hillman Solutions by 25.2% in the first quarter. American Century Companies Inc. now owns 4,507,872 shares of the company’s stock worth $39,624,000 after acquiring an additional 906,528 shares during the period. Finally, GW&K Investment Management LLC lifted its stake in shares of Hillman Solutions by 35.0% in the first quarter. GW&K Investment Management LLC now owns 3,470,678 shares of the company’s stock worth $30,507,000 after acquiring an additional 899,496 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research note on Tuesday. Wall Street Zen raised Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. Canaccord Genuity Group lifted their target price on Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Stifel Nicolaus lifted their target price on Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Barclays lifted their target price on Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Hillman Solutions presently has a consensus rating of “Hold” and a consensus price target of $11.83.

Insider Activity at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $9.86, for a total transaction of $44,685.52. Following the completion of the sale, the insider owned 56,618 shares in the company, valued at $558,253.48. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $9.57 on Thursday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 87.01 and a beta of 1.65. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $12.08. The business has a 50 day moving average price of $9.64 and a 200-day moving average price of $8.33. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The company’s quarterly revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Hillman Solutions 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.