Hillman Solutions Corp (NASDAQ:HLMN) Position Decreased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC decreased its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,149,925 shares of the company's stock after selling 195,208 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 7.20% of Hillman Solutions worth $137,820,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HLMN. JPMorgan Chase & Co. increased its stake in 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 during the period. Reinhart Partners LLC. boosted its holdings in Hillman Solutions by 1.7% in the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company's stock valued at $74,145,000 after purchasing an additional 130,273 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Hillman Solutions by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock valued at $62,521,000 after purchasing an additional 605,049 shares in the last quarter. Geode Capital Management LLC increased its holdings in Hillman Solutions by 2.5% during the 3rd 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. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Benchmark reiterated a "buy" rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. William Blair cut Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Barclays dropped their price target on 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 cut shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $9.00 price objective (down previously from $12.00) on shares of Hillman Solutions in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hillman Solutions currently has a consensus rating of "Hold" and a consensus target price of $11.50.

Hillman Solutions Stock Performance

Shares of HLMN traded up $0.21 during mid-day trading on Wednesday, reaching $7.73. 1,540,800 shares of the company's stock traded hands, compared to its average volume of 970,829. Hillman Solutions Corp has a 12 month low of $7.24 and a 12 month high of $12.08. The stock has a market capitalization of $1.53 billion, a P/E ratio of 96.64 and a beta of 1.67. The business's 50-day moving average price is $8.84 and its 200-day moving average price is $9.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $349.56 million during 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 period in the previous year, the company posted $0.10 EPS. Equities analysts predict that Hillman Solutions Corp will post 0.58 earnings per share 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.