Barclays PLC Increases Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

Barclays PLC increased its stake in Hillman Solutions Corp (NASDAQ:HLMN) by 326.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,468 shares of the company’s stock after acquiring an additional 233,894 shares during the period. Barclays PLC’s holdings in Hillman Solutions were worth $3,226,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Hillman Solutions by 158.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock worth $62,518,000 after purchasing an additional 4,336,039 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Hillman Solutions by 131.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after buying an additional 914,151 shares during the period. Dimensional Fund Advisors LP increased its position in Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after acquiring an additional 578,042 shares during the last quarter. Reinhart Partners LLC. raised its stake in shares of Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after acquiring an additional 503,809 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Hillman Solutions by 460.9% in the 2nd quarter. Renaissance Technologies LLC now owns 326,029 shares of the company’s stock worth $2,885,000 after acquiring an additional 267,900 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

Insider Transactions at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the firm’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 sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Ride sold 72,523 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the sale, the insider now directly 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. Corporate insiders own 5.10% of the company’s stock.

Hillman Solutions Trading Down 1.7 %

HLMN opened at $9.79 on Tuesday. Hillman Solutions Corp has a 52 week low of $8.43 and a 52 week high of $12.08. The company has a market capitalization of $1.92 billion, a P/E ratio of 244.81 and a beta of 1.65. The stock’s fifty day moving average is $10.92 and its two-hundred day moving average is $10.01. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

HLMN has been the subject of several analyst reports. Barclays raised 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 note on Wednesday, November 6th. Canaccord Genuity Group raised their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their price objective on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Benchmark lifted their target price on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hillman Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $14.20.

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.