Sei Investments Co. Sells 88,559 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Sei Investments Co. decreased its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 764,787 shares of the company's stock after selling 88,559 shares during the quarter. Sei Investments Co. owned 0.39% of Hillman Solutions worth $7,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Intech Investment Management LLC acquired a new stake in shares of Hillman Solutions during the 3rd quarter valued at $334,000. Charles Schwab Investment Management Inc. boosted its position in Hillman Solutions by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,415,894 shares of the company's stock valued at $25,512,000 after purchasing an additional 95,022 shares during the last quarter. FMR LLC grew its stake in Hillman Solutions by 338.9% in the third quarter. FMR LLC now owns 22,199 shares of the company's stock valued at $234,000 after purchasing an additional 17,141 shares in the last quarter. Quarry LP purchased a new position in Hillman Solutions in the third quarter valued at about $43,000. Finally, EP Wealth Advisors LLC acquired a new position in Hillman Solutions in the 3rd quarter worth about $210,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird lowered their price target on Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Barclays decreased their target price 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 report on Thursday, January 2nd. Finally, Benchmark reiterated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Remove Ads

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN traded down $0.32 during trading on Friday, reaching $7.84. The stock had a trading volume of 1,437,499 shares, compared to its average volume of 905,075. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $9.64 and a two-hundred day simple moving average of $10.20. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 98.00 and a beta of 1.68. Hillman Solutions Corp has a 52 week low of $7.35 and a 52 week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results 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 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 the consensus estimate of $350.45 million. During the same quarter last year, the business earned $0.10 EPS. As a group, analysts anticipate that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal 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.