The Manufacturers Life Insurance Company Decreases Stake in Hillman Solutions Corp (NASDAQ:HLMN)

The Manufacturers Life Insurance Company decreased its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 96,153 shares of the company’s stock after selling 4,643 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hillman Solutions were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. WCM Investment Management LLC boosted its holdings in shares of Hillman Solutions by 1.5% in the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after acquiring an additional 49,306 shares during the period. Bank of New York Mellon Corp boosted its stake in Hillman Solutions by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock worth $7,137,000 after purchasing an additional 70,861 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Hillman Solutions by 131.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after buying an additional 914,151 shares in the last quarter. Atria Investments Inc increased its position in shares of Hillman Solutions by 24.5% during the third quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock valued at $799,000 after buying an additional 14,904 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of Hillman Solutions by 2.7% in the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock worth $75,363,000 after buying an additional 225,480 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

Several analysts have 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 stock an “outperform” rating in a research note on Wednesday, November 6th. Barclays increased their price objective on 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 boosted their target price on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Stock Down 3.4 %

Shares of Hillman Solutions stock opened at $10.88 on Friday. 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 Corp has a 52-week low of $7.58 and a 52-week high of $12.08. The company’s 50 day moving average price is $10.87 and its 200-day moving average price is $9.95. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 272.00 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $389.50 million. During the same quarter in the prior year, the company posted $0.11 EPS. Hillman Solutions’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts forecast that Hillman Solutions Corp will post 0.53 EPS for the current year.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott Ride sold 72,523 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

About Hillman Solutions

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.