Alliancebernstein L.P. Trims Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Alliancebernstein L.P. trimmed its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,904,839 shares of the company’s stock after selling 238,481 shares during the period. Alliancebernstein L.P.’s holdings in Hillman Solutions were worth $28,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its stake in Hillman Solutions by 338.9% in the third quarter. FMR LLC now owns 22,199 shares of the company’s stock worth $234,000 after buying an additional 17,141 shares in the last quarter. Quarry LP purchased a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $43,000. EP Wealth Advisors LLC bought a new position in shares of Hillman Solutions in the 3rd quarter worth approximately $210,000. XTX Topco Ltd purchased a new position in shares of Hillman Solutions in the 3rd quarter valued at approximately $275,000. Finally, Barclays PLC boosted its position in shares of Hillman Solutions by 326.8% during the third quarter. Barclays PLC now owns 305,468 shares of the company’s stock valued at $3,226,000 after purchasing an additional 233,894 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $8.01 on Monday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 100.14 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions Corp has a one year low of $7.35 and a one year high of $12.08. The company’s 50-day moving average is $9.59 and its 200 day moving average is $10.19.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $349.56 million for the quarter, compared to analysts’ expectations of $350.45 million. During the same quarter in the previous year, the company earned $0.10 EPS. Sell-side analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays lowered their price objective on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Robert W. Baird lowered their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Hillman Solutions 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.