Geode Capital Management LLC Acquires 113,692 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Geode Capital Management LLC increased its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 2.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,753,174 shares of the company's stock after buying an additional 113,692 shares during the quarter. Geode Capital Management LLC owned 2.42% of Hillman Solutions worth $50,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Conestoga Capital Advisors LLC grew its stake in shares of Hillman Solutions by 3.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company's stock worth $85,125,000 after acquiring an additional 328,740 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Hillman Solutions by 2.7% during the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company's stock worth $75,363,000 after purchasing an additional 225,480 shares during the last quarter. Reinhart Partners LLC. grew its position in 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 purchasing an additional 503,809 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Hillman Solutions by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company's stock valued at $75,588,000 after buying an additional 93,759 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Hillman Solutions by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company's stock worth $42,134,000 after buying an additional 578,042 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Insiders Place Their Bets

In related news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction that occurred on 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 directly owns 55,811 shares of the company's stock, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. 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 business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the sale, the insider now owns 70,369 shares of the company's stock, valued at $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.10% of the company's stock.

Hillman Solutions Stock Performance

Hillman Solutions stock traded down $0.17 during midday trading on Monday, reaching $9.79. 681,222 shares of the company's stock were exchanged, compared to its average volume of 898,275. The stock's 50-day simple moving average is $10.92 and its 200 day simple moving average is $10.01. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 244.81 and a beta of 1.65. 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 $8.43 and a 52 week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company 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 EPS. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts expect that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HLMN has been the subject of several analyst reports. Canaccord Genuity Group raised their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Barclays raised their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Robert W. Baird boosted their price target on Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, Benchmark increased their price objective on Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price 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.