Vanguard Group Inc. Sells 232,215 Shares of Hillman Solutions Corp. $HLMN

Vanguard Group Inc. lessened its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,794,677 shares of the company’s stock after selling 232,215 shares during the period. Vanguard Group Inc. owned about 0.10% of Hillman Solutions worth $162,762,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 4.2% in the third quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock worth $96,129,000 after buying an additional 418,313 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hillman Solutions by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 8,478,127 shares of the company’s stock worth $77,829,000 after buying an additional 257,953 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Hillman Solutions by 86.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,492,352 shares of the company’s stock worth $10,655,000 after buying an additional 693,838 shares in the last quarter. Anchor Capital Management Company LLC lifted its stake in shares of Hillman Solutions by 102.5% in the third quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock worth $13,015,000 after buying an additional 717,772 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of Hillman Solutions by 25.5% in the third quarter. UBS Group AG now owns 1,258,661 shares of the company’s stock worth $11,555,000 after buying an additional 256,076 shares in the last quarter. Institutional investors own 98.11% of the company’s stock.

Insiders Place Their Bets

In other Hillman Solutions news, insider Amanda Kitzberger sold 11,804 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the sale, the insider directly owned 72,605 shares of the company’s stock, valued at approximately $601,895.45. This represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HLMN. Benchmark dropped their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of Hillman Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $14.00 price objective on shares of Hillman Solutions in a research report on Tuesday, March 24th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock opened at $7.86 on Monday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 41.37, a price-to-earnings-growth ratio of 1.09 and a beta of 1.47. The company’s 50 day moving average is $8.30 and its 200 day moving average is $8.90. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $10.85. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $370.07 million for the quarter, compared to the consensus estimate of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Research analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current year.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.