WCM Investment Management LLC Sells 35,210 Shares of Hillman Solutions Corp. $HLMN

WCM Investment Management LLC decreased its position in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,956,955 shares of the company’s stock after selling 35,210 shares during the period. WCM Investment Management LLC owned approximately 1.50% of Hillman Solutions worth $21,113,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HLMN. SG Americas Securities LLC bought a new position in Hillman Solutions during the 1st quarter worth $567,000. Janney Montgomery Scott LLC increased its position in Hillman Solutions by 14.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 107,040 shares of the company’s stock worth $941,000 after buying an additional 13,587 shares during the period. Allspring Global Investments Holdings LLC increased its position in Hillman Solutions by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company’s stock worth $63,007,000 after buying an additional 67,389 shares during the period. KBC Group NV bought a new position in Hillman Solutions during the 1st quarter worth $35,000. Finally, Skylands Capital LLC increased its position in shares of Hillman Solutions by 156.5% in the first quarter. Skylands Capital LLC now owns 124,000 shares of the company’s stock worth $1,090,000 after purchasing an additional 75,650 shares during the period. Institutional investors own 98.11% of the company’s stock.

Insider Transactions at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $9.86, for a total transaction of $44,685.52. Following the sale, the insider directly owned 56,618 shares of the company’s stock, valued at approximately $558,253.48. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HLMN. Wall Street Zen upgraded Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 4th. Stifel Nicolaus raised their price target on Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Canaccord Genuity Group raised their price target on Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research report on Tuesday. Finally, Barclays raised their price target on Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hillman Solutions presently has an average rating of “Hold” and a consensus price target of $11.83.

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $9.57 on Thursday. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month high of $12.08. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $9.64 and its two-hundred day moving average price is $8.33. The stock has a market cap of $1.89 billion, a PE ratio of 87.01 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The firm had revenue of $402.80 million for the quarter, compared to analysts’ expectations of $389.45 million. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal 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.