Clearbridge Investments LLC Sells 204,134 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Clearbridge Investments LLC lowered its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,797,612 shares of the company's stock after selling 204,134 shares during the quarter. Clearbridge Investments LLC owned 0.91% of Hillman Solutions worth $17,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Hillman Solutions by 5.9% in 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 during the last quarter. Reinhart Partners LLC. lifted its holdings in Hillman Solutions by 1.7% during the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock worth $74,145,000 after acquiring an additional 130,273 shares during the period. Geode Capital Management LLC boosted its position in Hillman Solutions by 2.5% in the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company's stock worth $50,203,000 after purchasing an additional 113,692 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hillman Solutions by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company's stock valued at $24,244,000 after purchasing an additional 73,216 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in Hillman Solutions by 1.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,637,883 shares of the company's stock valued at $15,953,000 after purchasing an additional 26,832 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Price Performance

HLMN stock traded down $0.51 during mid-day trading on Monday, reaching $7.50. 2,922,439 shares of the company traded hands, compared to its average volume of 923,322. The company has a fifty day moving average price of $9.53 and a 200-day moving average price of $10.16. Hillman Solutions Corp has a 52-week low of $7.35 and a 52-week high of $12.08. The company has a market capitalization of $1.48 billion, a P/E ratio of 93.76 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on HLMN shares. Barclays reduced 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 research report on Thursday, January 16th. William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Robert W. Baird lowered their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Benchmark reissued a "buy" rating and set a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $13.00.

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.