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

Hodges Capital Management Inc. lessened its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,625 shares of the company’s stock after selling 87,800 shares during the quarter. Hodges Capital Management Inc. owned about 0.13% of Hillman Solutions worth $2,153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Hillman Solutions in the fourth quarter worth about $37,000. Brown Brothers Harriman & Co. purchased a new stake in Hillman Solutions in the third quarter worth about $59,000. Advisory Services Network LLC purchased a new stake in Hillman Solutions in the third quarter worth about $63,000. Lazard Asset Management LLC purchased a new stake in Hillman Solutions in the second quarter worth about $75,000. Finally, Oak Thistle LLC purchased a new stake in Hillman Solutions in the fourth quarter worth about $95,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock opened at $7.44 on Thursday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. The company’s 50 day moving average is $7.93 and its 200 day moving average is $8.63. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $10.85. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The company had revenue of $370.07 million for the quarter, compared to the consensus estimate of $371.73 million. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HLMN shares. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price objective on shares of Hillman Solutions in a report on Tuesday, March 24th. Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 15th. Benchmark cut their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.50.

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.