UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.15 Million Stock Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 14.3% during the third quarter, HoldingsChannel.com reports. The firm owned 297,822 shares of the company’s stock after selling 49,896 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hillman Solutions were worth $3,145,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its position 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 purchasing an additional 2,317 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Hillman Solutions in the second quarter valued at approximately $57,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after buying an additional 4,473 shares in the last quarter. Institute for Wealth Management LLC. acquired a new position in Hillman Solutions during the 2nd quarter worth approximately $101,000. Finally, Stratos Wealth Advisors LLC acquired a new stake in Hillman Solutions during the 3rd quarter worth approximately $132,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Insider Transactions at Hillman Solutions

In related news, insider Scott Ride sold 72,523 shares of the business’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 sale, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the transaction, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % 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.

Hillman Solutions Trading Down 0.8 %

Shares of Hillman Solutions stock opened at $10.79 on Friday. The stock has a market capitalization of $2.12 billion, a PE ratio of 269.82 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company’s fifty day simple moving average is $10.88 and its 200-day simple moving average is $9.96. Hillman Solutions Corp has a 1-year low of $8.32 and a 1-year high of $12.08.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HLMN shares. Benchmark upped their target price on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity Group lifted their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays boosted their price target on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.20.

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.