Allspring Global Investments Holdings LLC Increases Position in Hillman Solutions Corp (NASDAQ:HLMN)

Allspring Global Investments Holdings LLC lifted its position in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,157,946 shares of the company's stock after purchasing an additional 93,759 shares during the quarter. Allspring Global Investments Holdings LLC owned about 3.65% of Hillman Solutions worth $75,588,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC increased its position in shares of Hillman Solutions by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company's stock valued at $373,000 after purchasing an additional 2,762 shares during the last quarter. Anchor Capital Advisors LLC increased its position in Hillman Solutions by 2.1% during the first quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company's stock valued at $1,576,000 after acquiring an additional 3,037 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Hillman Solutions by 1.0% in the second quarter. Rhumbline Advisers now owns 309,419 shares of the company's stock valued at $2,738,000 after acquiring an additional 3,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hillman Solutions by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company's stock worth $382,000 after acquiring an additional 3,299 shares during the last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in shares of Hillman Solutions by 23.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company's stock worth $228,000 after purchasing an additional 4,004 shares during the period. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLMN has been the topic of a number of recent analyst reports. Barclays increased their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, August 12th. Benchmark reaffirmed a "buy" rating and issued a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group lifted their price target 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.08.

Hillman Solutions Stock Down 0.9 %

Shares of NASDAQ:HLMN traded down $0.10 on Tuesday, reaching $10.62. The company had a trading volume of 880,292 shares, compared to its average volume of 898,197. The firm has a market capitalization of $2.08 billion, a PE ratio of -1,062.00 and a beta of 1.66. The company has a current ratio of 2.32, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 52-week low of $6.02 and a 52-week high of $11.15. The firm's 50 day simple moving average is $10.02 and its 200-day simple moving average is $9.59.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The business had revenue of $379.43 million during the quarter, compared to analyst estimates of $383.53 million. During the same period in the prior year, the firm posted $0.13 earnings per share. As a group, analysts expect that Hillman Solutions Corp will post 0.52 earnings per share for the current fiscal year.

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.