Hillman Solutions Corp. (NASDAQ:HLMN) Position Lessened by WCM Investment Management LLC

WCM Investment Management LLC lessened its holdings in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 6.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,992,165 shares of the company's stock after selling 190,855 shares during the period. WCM Investment Management LLC owned about 1.52% of Hillman Solutions worth $26,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HLMN. Federated Hermes Inc. acquired a new stake in Hillman Solutions in the fourth quarter valued at approximately $25,000. KBC Group NV purchased a new position in shares of Hillman Solutions in the first quarter valued at $35,000. Sterling Capital Management LLC boosted its stake in shares of Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after purchasing an additional 4,572 shares during the period. Lazard Asset Management LLC grew its holdings in Hillman Solutions by 1,911.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after purchasing an additional 6,193 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Hillman Solutions by 285.7% during the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after buying an additional 5,915 shares during the period. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on HLMN. Robert W. Baird decreased their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Barclays reduced their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Raymond James Financial set a $10.00 price objective on Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $11.00.

Insider Buying and Selling

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were bought at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the acquisition, the chief financial officer owned 632,752 shares of the company's stock, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

Hillman Solutions Stock Up 0.2%

NASDAQ:HLMN traded up $0.02 during mid-day trading on Friday, reaching $7.62. The stock had a trading volume of 479,401 shares, compared to its average volume of 1,131,977. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.46 and a quick ratio of 0.79. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 84.62 and a beta of 1.65. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The stock's 50 day simple moving average is $7.36 and its two-hundred day simple moving average is $8.63.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $359.34 million during the quarter, compared to analyst estimates of $358.14 million. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current year.

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.