Hillman Solutions Corp. $HLMN Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC decreased its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,081,287 shares of the company’s stock after selling 341,631 shares during the quarter. GW&K Investment Management LLC owned about 1.56% of Hillman Solutions worth $28,287,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HLMN. CWM LLC boosted its position in Hillman Solutions by 106.3% during the third quarter. CWM LLC now owns 3,441 shares of the company’s stock worth $32,000 after acquiring an additional 1,773 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Hillman Solutions in the 3rd quarter worth approximately $95,000. Vanguard Personalized Indexing Management LLC purchased a new position in Hillman Solutions in the 3rd quarter worth approximately $96,000. Lazard Asset Management LLC acquired a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $75,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Hillman Solutions in the third quarter valued at approximately $104,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Price Performance

NASDAQ:HLMN opened at $8.26 on Friday. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $10.85. The stock’s fifty day moving average is $9.37 and its two-hundred day moving average is $9.29. The company has a market capitalization of $1.62 billion, a P/E ratio of 39.34 and a beta of 1.67. The company has a quick ratio of 0.62, a current ratio of 2.51 and a debt-to-equity ratio of 0.54.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $365.14 million during the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. Equities analysts expect that Hillman Solutions Corp. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HLMN shares. Wall Street Zen downgraded Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Canaccord Genuity Group cut their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Benchmark lowered their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.33.

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.