Clearbridge Investments LLC Has $17.51 Million Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Clearbridge Investments LLC lessened its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,797,612 shares of the company's stock after selling 204,134 shares during the period. Clearbridge Investments LLC owned 0.91% of Hillman Solutions worth $17,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HLMN. Raymond James Financial Inc. acquired a new stake in Hillman Solutions in the fourth quarter worth about $11,318,000. JPMorgan Chase & Co. raised its position in shares of Hillman Solutions by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after buying an additional 509,016 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Hillman Solutions in the 4th quarter worth approximately $4,631,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Hillman Solutions by 629.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 529,235 shares of the company's stock valued at $5,155,000 after acquiring an additional 456,666 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Hillman Solutions by 326.8% during the third quarter. Barclays PLC now owns 305,468 shares of the company's stock valued at $3,226,000 after acquiring an additional 233,894 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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Hillman Solutions Price Performance

Shares of NASDAQ HLMN traded down $0.14 during mid-day trading on Friday, reaching $8.01. The company had a trading volume of 3,859,480 shares, compared to its average volume of 914,248. The company has a 50-day moving average price of $9.59 and a two-hundred day moving average price of $10.19. The stock has a market cap of $1.58 billion, a PE ratio of 100.14 and a beta of 1.68. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 1-year low of $7.35 and a 1-year high of $12.08.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HLMN. Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. William Blair lowered Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Robert W. Baird lowered their target price on Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Barclays cut their price target on shares of Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.00.

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.