Clearbridge Investments LLC Sells 84,132 Shares of Hillman Solutions Corp. $HLMN

Clearbridge Investments LLC lessened its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 987,743 shares of the company’s stock after selling 84,132 shares during the quarter. Clearbridge Investments LLC’s holdings in Hillman Solutions were worth $8,554,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Anchor Capital Management Company LLC raised its holdings in shares of Hillman Solutions by 102.5% during the third 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 in the last quarter. UBS Group AG raised its holdings in shares of Hillman Solutions by 112.2% during the fourth 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 in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of Hillman Solutions by 71.6% during the third 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 in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Hillman Solutions by 4.2% during the fourth 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 in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Hillman Solutions during the fourth quarter valued at approximately $950,000. Institutional investors own 98.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on HLMN shares. Benchmark lowered their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 20th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Hillman Solutions in a research report on Tuesday, March 24th. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings lowered Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hillman Solutions has a consensus rating of “Hold” and an average target price of $12.50.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $7.44 on Thursday. Hillman Solutions Corp. has a one year low of $6.55 and a one year high of $10.85. The stock has a 50-day moving average of $7.93 and a 200 day moving average of $8.63. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.03 and a beta of 1.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 2.95.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Monday, April 27th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The business had revenue of $370.07 million during the quarter, compared to the consensus estimate of $371.73 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. Hillman Solutions’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current year.

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.