Wellington Management Group LLP Has $13.14 Million Stake in Hillman Solutions Corp. $HLMN

Wellington Management Group LLP lowered its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 18.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,556,568 shares of the company’s stock after selling 342,788 shares during the quarter. Wellington Management Group LLP’s holdings in Hillman Solutions were worth $13,137,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Coastal Bridge Advisors LLC acquired a new stake in Hillman Solutions in the second quarter worth $112,000. Jefferies Financial Group Inc. acquired a new position in shares of Hillman Solutions during the second quarter valued at about $67,324,000. Public Employees Retirement System of Ohio acquired a new position in shares of Hillman Solutions during the second quarter valued at about $42,000. Corient Private Wealth LP bought a new position in shares of Hillman Solutions during the 2nd quarter worth about $1,033,000. Finally, Punch & Associates Investment Management Inc. bought a new position in shares of Hillman Solutions during the 2nd quarter worth about $15,874,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on HLMN shares. Barclays boosted their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Finally, Canaccord Genuity Group reduced their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.67.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $7.68 on Tuesday. Hillman Solutions Corp. has a 1 year low of $6.96 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.08 and a beta of 1.38. The company has a fifty day moving average price of $8.20 and a 200-day moving average price of $8.10.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. As a group, equities research analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Aaron Parker sold 17,381 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the sale, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.30% of the company’s stock.

About Hillman Solutions

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.