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

Allspring Global Investments Holdings LLC decreased its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 1.7% during the first quarter, HoldingsChannel.com reports. The firm owned 6,727,471 shares of the company’s stock after selling 112,969 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hillman Solutions were worth $55,502,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC lifted its holdings in shares of Hillman Solutions by 22.5% in the first quarter. Sanctuary Advisors LLC now owns 18,065 shares of the company’s stock worth $150,000 after buying an additional 3,317 shares in the last quarter. Fifth Third Bancorp lifted its stake in Hillman Solutions by 220.8% in the 1st quarter. Fifth Third Bancorp now owns 18,519 shares of the company’s stock worth $154,000 after purchasing an additional 12,746 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in Hillman Solutions by 29.0% in the 1st quarter. Hodges Capital Management Inc. now owns 320,625 shares of the company’s stock worth $2,668,000 after purchasing an additional 72,000 shares in the last quarter. Skylands Capital LLC boosted its holdings in Hillman Solutions by 42.1% in the 1st quarter. Skylands Capital LLC now owns 538,600 shares of the company’s stock valued at $4,481,000 after purchasing an additional 159,650 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Hillman Solutions by 10.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 138,639 shares of the company’s stock valued at $1,153,000 after purchasing an additional 12,959 shares during the period. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

HLMN stock opened at $8.09 on Friday. The firm has a 50 day simple moving average of $7.71 and a two-hundred day simple moving average of $8.47. The stock has a market cap of $1.59 billion, a PE ratio of 42.58, a P/E/G ratio of 1.12 and a beta of 1.38. Hillman Solutions Corp. has a one year low of $6.96 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.82.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The company had revenue of $370.07 million for the quarter, compared to the consensus estimate of $371.73 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings downgraded Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Canaccord Genuity Group reduced 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. Finally, Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hillman Solutions has a consensus rating of “Hold” and a consensus target price of $12.25.

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.