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

Charles Schwab Investment Management Inc. boosted its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,415,894 shares of the company's stock after purchasing an additional 95,022 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.23% of Hillman Solutions worth $25,512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HLMN. Intech Investment Management LLC bought a new stake in shares of Hillman Solutions in the 3rd quarter worth $334,000. First Horizon Advisors Inc. boosted its position in shares of Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock valued at $35,000 after buying an additional 2,317 shares during the last quarter. Quest Partners LLC bought a new stake in Hillman Solutions in the 3rd quarter worth about $381,000. Natixis Advisors LLC raised its position in Hillman Solutions by 0.5% in the 3rd quarter. Natixis Advisors LLC now owns 2,512,226 shares of the company's stock worth $26,529,000 after buying an additional 13,439 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Hillman Solutions by 44.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 75,331 shares of the company's stock valued at $795,000 after acquiring an additional 23,185 shares during the period. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock traded down $0.03 on Friday, hitting $11.17. 165,310 shares of the company's stock were exchanged, compared to its average volume of 881,273. Hillman Solutions Corp has a 1 year low of $7.51 and a 1 year high of $12.08. The company has a 50-day simple moving average of $10.80 and a 200-day simple moving average of $9.89. 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 $2.20 billion, a PE ratio of 280.00 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly 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. 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 previous year, the company posted $0.11 earnings per share. Hillman Solutions's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Hillman Solutions Corp will post 0.53 EPS for the current year.

Insiders Place Their Bets

In other news, insider Scott Ride sold 72,523 shares of the company's 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 transaction, the insider now owns 70,369 shares of the company's stock, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on HLMN shares. Benchmark reissued a "buy" rating and set a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Canaccord Genuity Group boosted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Robert W. Baird raised their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, Barclays upped their price objective on Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hillman Solutions presently has an average rating of "Moderate Buy" and an average price target of $13.60.

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.