Allspring Global Investments Holdings LLC Acquires 4,336,039 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Allspring Global Investments Holdings LLC raised its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 158.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,064,187 shares of the company's stock after buying an additional 4,336,039 shares during the period. Allspring Global Investments Holdings LLC owned about 3.60% of Hillman Solutions worth $62,518,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HLMN. Vanguard Group Inc. raised its holdings in Hillman Solutions by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company's stock worth $177,455,000 after buying an additional 110,730 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Hillman Solutions by 1.2% in the first quarter. Conestoga Capital Advisors LLC now owns 9,289,913 shares of the company's stock worth $98,845,000 after acquiring an additional 109,120 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Hillman Solutions by 2.3% during the first quarter. Burgundy Asset Management Ltd. now owns 8,290,117 shares of the company's stock valued at $88,207,000 after acquiring an additional 182,958 shares during the period. Reinhart Partners LLC. lifted its position in shares of Hillman Solutions by 0.8% in the 2nd quarter. Reinhart Partners LLC. now owns 6,978,392 shares of the company's stock valued at $61,759,000 after acquiring an additional 58,387 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Hillman Solutions by 4.8% in the 1st quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company's stock worth $51,155,000 after purchasing an additional 218,982 shares during the period. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays lifted their price target on Hillman Solutions from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Monday, August 12th. Benchmark reiterated a "buy" rating and issued a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Finally, Robert W. Baird increased their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Hillman Solutions currently has an average rating of "Moderate Buy" and an average target price of $11.92.

Insider Buying and Selling at Hillman Solutions

In related news, Director Aaron Jagdfeld sold 49,447 shares of the business's stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total value of $447,000.88. Following the completion of the sale, the director now directly owns 197,031 shares in the company, valued at approximately $1,781,160.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company's stock.

Hillman Solutions Stock Down 0.5 %

Shares of NASDAQ HLMN traded down $0.05 during trading hours on Wednesday, hitting $9.51. The stock had a trading volume of 499,582 shares, compared to its average volume of 907,658. The company has a market capitalization of $1.86 billion, a P/E ratio of -951.00 and a beta of 1.66. The firm's 50-day moving average price is $9.29 and its two-hundred day moving average price is $9.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.78 and a current ratio of 2.49. Hillman Solutions Corp has a 52 week low of $6.02 and a 52 week high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $379.43 million during the quarter, compared to the consensus estimate of $383.53 million. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. During the same period in the previous year, the firm posted $0.13 earnings per share. Analysts anticipate that Hillman Solutions Corp will post 0.45 EPS for the current fiscal year.

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.