Barclays PLC Buys 233,894 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Barclays PLC boosted its stake in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 326.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305,468 shares of the company’s stock after purchasing an additional 233,894 shares during the period. Barclays PLC owned about 0.16% of Hillman Solutions worth $3,226,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in shares of Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after buying an additional 2,317 shares during the last quarter. Quarry LP bought a new position in Hillman Solutions in the third quarter valued at about $43,000. Canada Pension Plan Investment Board bought a new position in Hillman Solutions in the second quarter valued at about $57,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after purchasing an additional 4,473 shares during the period. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of Hillman Solutions during the 3rd quarter valued at about $132,000. Institutional investors own 98.11% of the company’s stock.

Insider Activity

In related news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now directly owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Hillman Solutions Trading Down 1.7 %

Shares of Hillman Solutions stock opened at $9.79 on Tuesday. Hillman Solutions Corp has a fifty-two week low of $8.43 and a fifty-two week high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The company has a market capitalization of $1.92 billion, a P/E ratio of 244.81 and a beta of 1.65. The company has a fifty day moving average of $10.92 and a 200 day moving average of $10.01.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter last year, the business posted $0.11 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Benchmark raised their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays upped their price objective on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.20.

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.