WCM Investment Management LLC lessened its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN – Free Report) by 36.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,382,926 shares of the company’s stock after selling 786,638 shares during the quarter. WCM Investment Management LLC’s holdings in Hillman Solutions were worth $11,022,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Hillman Solutions by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after purchasing an additional 870,216 shares during the period. Jennison Associates LLC grew its holdings in Hillman Solutions by 14.6% during the first quarter. Jennison Associates LLC now owns 125,756 shares of the company’s stock worth $1,046,000 after acquiring an additional 16,062 shares during the period. Sanctuary Advisors LLC raised its position in Hillman Solutions by 22.5% in the first quarter. Sanctuary Advisors LLC now owns 18,065 shares of the company’s stock worth $150,000 after acquiring an additional 3,317 shares in the last quarter. Fifth Third Bancorp raised its position in Hillman Solutions by 220.8% in the first quarter. Fifth Third Bancorp now owns 18,519 shares of the company’s stock worth $154,000 after acquiring an additional 12,746 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in Hillman Solutions by 29.0% in the 1st quarter. Hodges Capital Management Inc. now owns 320,625 shares of the company’s stock valued at $2,668,000 after acquiring an additional 72,000 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.
Hillman Solutions Trading Down 0.1%
Shares of NASDAQ HLMN opened at $8.08 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59. Hillman Solutions Corp. has a 12 month low of $6.96 and a 12 month high of $10.85. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 42.53, a P/E/G ratio of 1.12 and a beta of 1.38. The business has a fifty day simple moving average of $7.72 and a 200-day simple moving average of $8.46.
Analyst Upgrades and Downgrades
HLMN has been the subject of several research reports. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group decreased their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.25.
View Our Latest Stock Analysis on HLMN
About Hillman Solutions
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.
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