Leith Wheeler Investment Counsel Ltd. Trims Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Leith Wheeler Investment Counsel Ltd. cut its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 665,911 shares of the company’s stock after selling 23,807 shares during the quarter. Leith Wheeler Investment Counsel Ltd. owned about 0.34% of Hillman Solutions worth $6,486,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HLMN. Federated Hermes Inc. bought a new stake in Hillman Solutions during the fourth quarter worth about $25,000. R Squared Ltd bought a new stake in Hillman Solutions during the fourth quarter worth about $32,000. Sterling Capital Management LLC lifted its stake in Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after purchasing an additional 4,572 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Hillman Solutions by 1,337.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock worth $68,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Hillman Solutions by 285.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company’s stock valued at $78,000 after acquiring an additional 5,915 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HLMN shares. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Barclays lowered their target price on 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 reissued a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird reissued a “neutral” rating and issued a $9.00 target price (down previously from $12.00) on shares of Hillman Solutions in a research note on Wednesday, April 16th. Finally, Baird R W lowered Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.50.

Hillman Solutions Stock Down 1.3 %

Shares of NASDAQ:HLMN opened at $7.57 on Tuesday. Hillman Solutions Corp has a 1 year low of $7.24 and a 1 year high of $12.08. The stock’s 50-day moving average is $8.69 and its 200 day moving average is $9.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company has a market cap of $1.49 billion, a PE ratio of 94.64 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share 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 for the quarter, compared to analysts’ expectations of $350.45 million. During the same quarter last year, the company posted $0.10 EPS. Sell-side analysts anticipate that Hillman Solutions Corp will post 0.58 EPS 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.