Hillman Solutions Corp (NASDAQ:HLMN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,488,168 shares of the company's stock after selling 55,555 shares during the period. Envestnet Asset Management Inc. owned 0.76% of Hillman Solutions worth $14,495,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Hillman Solutions during the 4th quarter valued at $11,318,000. JPMorgan Chase & Co. grew its stake in shares of Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after buying an additional 509,016 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Hillman Solutions during the 4th quarter valued at about $4,631,000. Arrowstreet Capital Limited Partnership lifted its position in Hillman Solutions by 629.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 529,235 shares of the company's stock worth $5,155,000 after acquiring an additional 456,666 shares in the last quarter. Finally, Ballast Asset Management LP purchased a new position in Hillman Solutions in the 4th quarter worth approximately $3,677,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Hillman Solutions Stock Up 2.2 %

HLMN stock traded up $0.16 during mid-day trading on Tuesday, hitting $7.52. 1,346,806 shares of the company were exchanged, compared to its average volume of 967,383. The firm has a fifty day simple moving average of $8.90 and a 200 day simple moving average of $9.91. The company has a market capitalization of $1.48 billion, a PE ratio of 94.01 and a beta of 1.67. Hillman Solutions Corp has a twelve month low of $7.24 and a twelve month high of $12.08. 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 (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $349.56 million during the quarter, compared to analyst estimates of $350.45 million. During the same quarter last year, the business posted $0.10 earnings per share. On average, research analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

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.