Hillman Solutions Corp. $HLMN Position Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,840,440 shares of the company’s stock after selling 149,501 shares during the period. Allspring Global Investments Holdings LLC owned 3.47% of Hillman Solutions worth $59,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLMN. Burgundy Asset Management Ltd. raised its position in shares of Hillman Solutions by 18.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after acquiring an additional 1,712,688 shares in the last quarter. Reinhart Partners LLC. increased its stake in Hillman Solutions by 4.2% during the third quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock valued at $96,129,000 after purchasing an additional 418,313 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 8,478,127 shares of the company’s stock valued at $77,829,000 after purchasing an additional 257,953 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Hillman Solutions by 86.9% during the second quarter. Qube Research & Technologies Ltd now owns 1,492,352 shares of the company’s stock worth $10,655,000 after purchasing an additional 693,838 shares during the period. Finally, Anchor Capital Management Company LLC lifted its position in shares of Hillman Solutions by 102.5% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock worth $13,015,000 after buying an additional 717,772 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on HLMN shares. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Hillman Solutions in a report on Tuesday, March 24th. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Finally, Benchmark lowered their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.33.

Insider Buying and Selling

In other Hillman Solutions news, insider Amanda Kitzberger sold 11,804 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total value of $97,855.16. Following the completion of the sale, the insider directly owned 72,605 shares in the company, valued at $601,895.45. This represents a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is currently owned by insiders.

Hillman Solutions Stock Performance

Shares of HLMN opened at $8.25 on Thursday. The firm has a market capitalization of $1.62 billion, a PE ratio of 39.29, a P/E/G ratio of 1.15 and a beta of 1.63. The company has a quick ratio of 0.62, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $8.89 and a 200 day moving average price of $9.06. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $365.14 million during the quarter, compared to analyst estimates of $371.69 million. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. On average, sell-side analysts anticipate that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Hillman Solutions Company 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.