Hodges Capital Management Inc. Trims Position in Hillman Solutions Corp. $HLMN

Hodges Capital Management Inc. cut its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 26.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 248,625 shares of the company’s stock after selling 87,800 shares during the quarter. Hodges Capital Management Inc.’s holdings in Hillman Solutions were worth $2,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MGO One Seven LLC increased its stake in shares of Hillman Solutions by 3.8% in the fourth quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock worth $260,000 after purchasing an additional 1,109 shares in the last quarter. MQS Management LLC grew its stake in Hillman Solutions by 11.1% during the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after acquiring an additional 1,406 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Hillman Solutions by 6.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 31,569 shares of the company’s stock valued at $273,000 after acquiring an additional 1,773 shares in the last quarter. ProShare Advisors LLC grew its stake in Hillman Solutions by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 36,213 shares of the company’s stock valued at $314,000 after acquiring an additional 2,332 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Hillman Solutions by 13.5% during the fourth quarter. Benjamin Edwards Inc. now owns 20,095 shares of the company’s stock valued at $174,000 after acquiring an additional 2,397 shares in the last quarter. 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. Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Benchmark cut their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 target price on shares of Hillman Solutions in a research note on Tuesday, March 24th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Hillman Solutions has a consensus rating of “Hold” and a consensus price target of $12.50.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN opened at $7.44 on Thursday. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $10.85. The stock has a market capitalization of $1.46 billion, a P/E ratio of 39.16, a PEG ratio of 1.03 and a beta of 1.42. The firm has a fifty day simple moving average of $7.93 and a two-hundred day simple moving average of $8.63. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $370.07 million during the quarter, compared to analysts’ expectations of $371.73 million. Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. On average, analysts expect that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Hillman Solutions 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.