UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.15 Million Holdings in Hillman Solutions Corp (NASDAQ:HLMN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 14.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 297,822 shares of the company's stock after selling 49,896 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Hillman Solutions worth $3,145,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. WCM Investment Management LLC grew its position in shares of Hillman Solutions by 1.5% in the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company's stock valued at $34,724,000 after purchasing an additional 49,306 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Hillman Solutions by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company's stock valued at $7,137,000 after purchasing an additional 70,861 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Hillman Solutions by 131.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company's stock valued at $17,013,000 after buying an additional 914,151 shares in the last quarter. Atria Investments Inc increased its position in Hillman Solutions by 24.5% during the 3rd quarter. Atria Investments Inc now owns 75,656 shares of the company's stock worth $799,000 after buying an additional 14,904 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of 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 buying an additional 225,480 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Price Performance

Hillman Solutions stock traded down $0.09 during midday trading on Friday, reaching $10.79. The company's stock had a trading volume of 1,110,468 shares, compared to its average volume of 879,427. The stock has a market cap of $2.12 billion, a PE ratio of 269.75 and a beta of 1.65. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 52 week low of $8.32 and a 52 week high of $12.08. The business has a 50-day moving average price of $10.88 and a 200-day moving average price of $9.96.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced 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 net margin of 0.57% and a return on equity of 8.81%. The company had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same period in the previous year, the firm posted $0.11 EPS. The firm's revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts predict that Hillman Solutions Corp will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

HLMN has been the topic of several research reports. Barclays upped their price target on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Benchmark increased their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday. 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 report on Wednesday, October 16th. Finally, Robert W. Baird increased 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hillman Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $14.20.

Insider Activity

In other news, insider Scott Ride sold 72,523 shares of the company's stock in a transaction that occurred on 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 filing with the SEC, which is available through this hyperlink. Also, 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 sale, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

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.