Hillman Solutions Corp (NASDAQ:HLMN) Holdings Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in Hillman Solutions Corp (NASDAQ:HLMN) by 29.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,477 shares of the company’s stock after selling 6,041 shares during the quarter. Principal Financial Group Inc.’s holdings in Hillman Solutions were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after acquiring an additional 2,317 shares during the period. Quarry LP bought a new position in shares of Hillman Solutions in the third quarter worth $43,000. Canada Pension Plan Investment Board acquired a new position in shares of Hillman Solutions during the second quarter valued at $57,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Hillman Solutions by 103.9% during the second 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 in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of Hillman Solutions during the third quarter valued at about $132,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Trading Down 1.3 %

Shares of NASDAQ:HLMN opened at $9.52 on Wednesday. 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 stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 238.06 and a beta of 1.68. Hillman Solutions Corp has a 1-year low of $8.43 and a 1-year high of $12.08. The company has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.09.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HLMN shares. Robert W. Baird increased their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Barclays raised their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Benchmark increased their price target on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $14.20.

Insider Buying and Selling

In other news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction 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 transaction, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Ride sold 72,523 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Hillman Solutions 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.