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

Allspring Global Investments Holdings LLC lowered its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,840,440 shares of the company’s stock after selling 149,501 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hillman Solutions were worth $59,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLMN. CWM LLC lifted its stake in Hillman Solutions by 106.3% during the third quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Hillman Solutions in the third quarter worth approximately $59,000. Advisory Services Network LLC bought a new position in shares of Hillman Solutions in the third quarter valued at $63,000. Lazard Asset Management LLC bought a new position in shares of Hillman Solutions in the second quarter valued at $75,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Hillman Solutions during the 3rd quarter valued at $95,000. 98.11% of the stock is currently owned by institutional investors.

Insider Activity at Hillman Solutions

In related news, insider Amanda Kitzberger sold 11,804 shares of the business’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 owned 72,605 shares of the company’s stock, valued at approximately $601,895.45. The trade was a 13.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

HLMN has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Benchmark reduced 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. Canaccord Genuity Group reiterated a “buy” rating and issued a $14.00 price target on shares of Hillman Solutions in a research report on Tuesday, March 24th. Finally, Wall Street Zen cut Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.33.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $8.25 on Thursday. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $10.85. The business has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $9.06. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 1.15 and a beta of 1.63.

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