Wellington Management Group LLP Sells 342,788 Shares of Hillman Solutions Corp. $HLMN

Wellington Management Group LLP lowered its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 18.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,556,568 shares of the company’s stock after selling 342,788 shares during the quarter. Wellington Management Group LLP owned 0.80% of Hillman Solutions worth $13,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HLMN. BlackRock Inc. bought a new stake in Hillman Solutions during the 2nd quarter worth approximately $125,138,000. Bank of Montreal Can raised its stake in shares of Hillman Solutions by 71,052.9% during the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after acquiring an additional 10,839,127 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Hillman Solutions during the second quarter valued at $67,324,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hillman Solutions during the second quarter worth $30,105,000. Finally, Punch & Associates Investment Management Inc. bought a new stake in shares of Hillman Solutions in the second quarter worth $15,874,000. Institutional investors own 98.11% of the company’s stock.

Analysts Set New Price Targets

HLMN has been the subject of a number of recent research reports. Barclays increased their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Finally, Canaccord Genuity Group decreased their price target 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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hillman Solutions has an average rating of “Hold” and an average target price of $12.67.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $7.68 on Tuesday. Hillman Solutions Corp. has a 52 week low of $6.96 and a 52 week high of $10.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. The firm’s fifty day moving average is $8.20 and its 200-day moving average is $8.10. The firm has a market cap of $1.49 billion, a P/E ratio of 34.91, a P/E/G ratio of 1.08 and a beta of 1.38.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. Equities analysts expect that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

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