Hillman Solutions Corp. (NASDAQ:HLMN) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 19.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,567 shares of the company’s stock after selling 11,471 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hillman Solutions were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HLMN. T. Rowe Price Investment Management Inc. acquired a new position in Hillman Solutions during the fourth quarter valued at approximately $17,290,000. Reinhart Partners LLC. lifted its position in Hillman Solutions by 13.8% during the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company’s stock valued at $76,115,000 after buying an additional 1,046,765 shares in the last quarter. GW&K Investment Management LLC lifted its position in Hillman Solutions by 35.0% during the first quarter. GW&K Investment Management LLC now owns 3,470,678 shares of the company’s stock valued at $30,507,000 after buying an additional 899,496 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Hillman Solutions by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock valued at $62,521,000 after buying an additional 605,049 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Hillman Solutions during the fourth quarter valued at approximately $3,957,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Stock Down 0.6%

Shares of NASDAQ:HLMN opened at $9.94 on Friday. The company has a current ratio of 2.28, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $7.63 and a 200 day simple moving average of $8.37. The firm has a market cap of $1.96 billion, a PE ratio of 90.37 and a beta of 1.66. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $402.80 million during the quarter, compared to analyst estimates of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

HLMN has been the topic of a number of recent research reports. Baird R W cut shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Raymond James Financial set a $10.00 target price on shares of Hillman Solutions and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Canaccord Genuity Group boosted their target price on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays boosted their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Hillman Solutions currently has an average rating of “Hold” and a consensus price target of $11.42.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.