Allspring Global Investments Holdings LLC Lowers Stake in Hillman Solutions Corp (NASDAQ:HLMN)

Allspring Global Investments Holdings LLC reduced its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 7,044,025 shares of the company’s stock after selling 113,921 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hillman Solutions were worth $66,073,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Reinhart Partners LLC. lifted its stake in Hillman Solutions by 1.7% in the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock valued at $74,145,000 after buying an additional 130,273 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after buying an additional 113,692 shares in the last quarter. WCM Investment Management LLC lifted its stake in Hillman Solutions by 1.5% in the 3rd quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock valued at $34,724,000 after buying an additional 49,306 shares in the last quarter. Natixis Advisors LLC lifted its stake in Hillman Solutions by 0.5% in the 3rd quarter. Natixis Advisors LLC now owns 2,512,226 shares of the company’s stock valued at $26,529,000 after buying an additional 13,439 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Hillman Solutions by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,415,894 shares of the company’s stock valued at $25,512,000 after buying an additional 95,022 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Benchmark raised their price target on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays decreased their price target on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird raised their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Hillman Solutions Stock Up 3.8 %

HLMN stock opened at $10.43 on Friday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 260.82 and a beta of 1.68. 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 12 month low of $8.43 and a 12 month high of $12.08. The firm has a 50-day moving average of $10.10 and a two-hundred day moving average of $10.24.

Insider Buying and Selling at Hillman Solutions

In other news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were 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 owns 55,811 shares in the company, valued at $623,966.98. This trade represents a 26.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Ride sold 72,523 shares of the firm’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 transaction of $773,095.18. Following the sale, 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 position. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

About Hillman Solutions

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.