Teachers Retirement System of The State of Kentucky Cuts Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 194,622 shares of the company's stock after selling 34,356 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.10% of Hillman Solutions worth $1,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Federated Hermes Inc. bought a new stake in shares of Hillman Solutions during the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new stake in Hillman Solutions during the 4th quarter valued at $32,000. Sterling Capital Management LLC lifted its holdings in shares of Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after buying an additional 4,572 shares during the period. Venturi Wealth Management LLC grew its position in shares of Hillman Solutions by 1,337.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after buying an additional 6,500 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Hillman Solutions by 285.7% during the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after buying an additional 5,915 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock Performance

NASDAQ HLMN traded down $0.56 during trading hours on Tuesday, reaching $7.01. The stock had a trading volume of 4,313,406 shares, compared to its average volume of 1,003,617. Hillman Solutions Corp has a 52-week low of $6.98 and a 52-week high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The stock has a market cap of $1.38 billion, a P/E ratio of 87.64 and a beta of 1.67. The stock has a fifty day moving average of $8.69 and a 200 day moving average of $9.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm's revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Sell-side analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HLMN shares. Barclays lowered their price objective on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Robert W. Baird reaffirmed a "neutral" rating and issued a $9.00 price objective (down previously from $12.00) on shares of Hillman Solutions in a research report on Wednesday, April 16th. Finally, William Blair lowered Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.50.

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.