Hillman Solutions Corp (NASDAQ:HLMN) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC lifted its stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,275,837 shares of the company's stock after purchasing an additional 49,306 shares during the quarter. WCM Investment Management LLC owned about 1.67% of Hillman Solutions worth $34,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Conestoga Capital Advisors LLC raised its position in shares of Hillman Solutions by 3.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company's stock valued at $85,125,000 after purchasing an additional 328,740 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company's stock worth $75,363,000 after buying an additional 225,480 shares during the period. Reinhart Partners LLC. increased its holdings in Hillman Solutions by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company's stock worth $79,012,000 after buying an additional 503,809 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Hillman Solutions by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company's stock worth $75,588,000 after buying an additional 93,759 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in Hillman Solutions by 4.8% in the 1st quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company's stock worth $51,155,000 after buying an additional 218,982 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HLMN shares. Robert W. Baird increased their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Benchmark reaffirmed a "buy" rating and set a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Barclays raised their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hillman Solutions currently has an average rating of "Moderate Buy" and an average price target of $13.60.

Hillman Solutions Trading Up 1.1 %

Shares of NASDAQ HLMN traded up $0.12 during trading on Monday, hitting $11.29. 909,726 shares of the company were exchanged, compared to its average volume of 894,855. Hillman Solutions Corp has a 12-month low of $6.78 and a 12-month high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. The company has a fifty day moving average price of $10.41 and a 200-day moving average price of $9.70. The firm has a market capitalization of $2.22 billion, a PE ratio of 282.25 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.11 EPS. As a group, equities research analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current year.

About Hillman Solutions

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.