Charles Schwab Investment Management Inc. Buys 95,022 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Charles Schwab Investment Management Inc. lifted its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,415,894 shares of the company’s stock after acquiring an additional 95,022 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hillman Solutions were worth $25,512,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its holdings in shares of 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 last quarter. Rhumbline Advisers raised its position in Hillman Solutions by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after purchasing an additional 3,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hillman Solutions by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after purchasing an additional 3,299 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after purchasing an additional 4,473 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Hillman Solutions by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after purchasing an additional 4,581 shares during the period. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN opened at $11.20 on Friday. The firm has a market cap of $2.20 billion, a PE ratio of 280.07 and a beta of 1.65. The firm’s 50 day simple moving average is $10.78 and its 200-day simple moving average is $9.88. Hillman Solutions Corp has a one year low of $7.51 and a one year high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

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

Insider Activity

In other news, insider Scott Ride sold 72,523 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the transaction, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HLMN. Benchmark reissued a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. Robert W. Baird increased their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays increased their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Company 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.