WCM Investment Management LLC Lowers Stock Holdings in Hillman Solutions Corp. $HLMN

WCM Investment Management LLC cut its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 12.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,592,863 shares of the company’s stock after selling 364,092 shares during the period. WCM Investment Management LLC’s holdings in Hillman Solutions were worth $23,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Tectonic Advisors LLC purchased a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $833,000. Reinhart Partners LLC. grew its holdings in Hillman Solutions by 4.2% during the third quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock worth $96,129,000 after acquiring an additional 418,313 shares during the period. Burgundy Asset Management Ltd. grew its holdings in Hillman Solutions by 18.0% during the second quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock worth $79,986,000 after acquiring an additional 1,712,688 shares during the period. Squarepoint Ops LLC purchased a new position in Hillman Solutions in the second quarter worth $1,760,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Hillman Solutions by 243.4% in the second quarter. Campbell & CO Investment Adviser LLC now owns 239,960 shares of the company’s stock valued at $1,713,000 after acquiring an additional 170,077 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Wall Street Zen raised shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of Hillman Solutions in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.83.

Hillman Solutions Trading Up 3.6%

Shares of HLMN stock opened at $9.71 on Tuesday. The stock has a market cap of $1.92 billion, a P/E ratio of 51.11 and a beta of 1.65. The company has a quick ratio of 0.77, a current ratio of 2.46 and a debt-to-equity ratio of 0.56. Hillman Solutions Corp. has a fifty-two week low of $6.55 and a fifty-two week high of $10.56. The business has a fifty day simple moving average of $9.22 and a 200-day simple moving average of $9.23.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Hillman Solutions had a net margin of 2.44% and a return on equity of 9.71%. The business had revenue of $424.94 million for the quarter, compared to analyst estimates of $425.00 million. On average, analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.