Allspring Global Investments Holdings LLC Sells 112,969 Shares of Hillman Solutions Corp. $HLMN

Allspring Global Investments Holdings LLC reduced its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,727,471 shares of the company’s stock after selling 112,969 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 3.42% of Hillman Solutions worth $55,502,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HLMN. Kestra Advisory Services LLC purchased a new position in Hillman Solutions during the fourth quarter worth about $33,000. Los Angeles Capital Management LLC bought a new position in shares of Hillman Solutions during the 4th quarter worth approximately $37,000. Brown Brothers Harriman & Co. purchased a new position in shares of Hillman Solutions in the 3rd quarter worth approximately $59,000. Advisory Services Network LLC purchased a new position in shares of Hillman Solutions in the 3rd quarter worth approximately $63,000. Finally, Quadrant Capital Group LLC bought a new position in shares of Hillman Solutions in the fourth quarter valued at approximately $74,000. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group decreased their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of “Hold” and a consensus price target of $12.25.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $8.09 on Friday. Hillman Solutions Corp. has a 12 month low of $6.96 and a 12 month high of $10.85. The company has a current ratio of 2.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $7.71 and its 200 day simple moving average is $8.47. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 1.12 and a beta of 1.38.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $370.07 million during the quarter, compared to the consensus estimate of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Sell-side analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Hillman Solutions Profile

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.