Franklin Resources Inc. Sells 401,873 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Franklin Resources Inc. trimmed its holdings in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 84.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,859 shares of the company's stock after selling 401,873 shares during the quarter. Franklin Resources Inc.'s holdings in Hillman Solutions were worth $739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HLMN. R Squared Ltd bought a new position in shares of Hillman Solutions in the fourth quarter worth about $32,000. Venturi Wealth Management LLC increased its holdings in shares of Hillman Solutions by 1,337.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after purchasing an additional 6,500 shares in the last quarter. Jones Financial Companies Lllp raised its position in Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after purchasing an additional 5,915 shares during the last quarter. Entropy Technologies LP acquired a new position in Hillman Solutions during the 4th quarter worth $106,000. Finally, Xponance Inc. boosted its position in Hillman Solutions by 10.1% in the 4th quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after buying an additional 1,297 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Stock Up 2.2 %

Shares of Hillman Solutions stock traded up $0.16 on Tuesday, hitting $7.52. The company had a trading volume of 1,346,806 shares, compared to its average volume of 967,383. Hillman Solutions Corp has a twelve month low of $7.24 and a twelve month high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The stock has a 50-day moving average of $8.90 and a 200-day moving average of $9.91. The firm has a market capitalization of $1.48 billion, a P/E ratio of 94.01 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter last year, the company posted $0.10 EPS. Research analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HLMN has been the subject of a number of recent research reports. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Robert W. Baird reiterated a "neutral" rating and set a $9.00 price target (down previously from $12.00) on shares of Hillman Solutions in a research report on Wednesday, April 16th. Barclays lowered their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $11.50.

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.