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

Allspring Global Investments Holdings LLC decreased its position in Hillman Solutions Corp (NASDAQ:HLMN) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,044,025 shares of the company’s stock after selling 113,921 shares during the period. Allspring Global Investments Holdings LLC owned 3.58% of Hillman Solutions worth $66,073,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Nordea Investment Management AB purchased a new stake in Hillman Solutions during the fourth quarter worth $4,631,000. WCM Investment Management LLC lifted its holdings in Hillman Solutions by 1.5% during the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after buying an additional 49,306 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Hillman Solutions by 131.2% during the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after buying an additional 914,151 shares during the period. Atria Investments Inc lifted its holdings in Hillman Solutions by 24.5% during the third 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, Sanctuary Advisors LLC lifted its holdings in Hillman Solutions by 20.0% during the third quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock worth $357,000 after buying an additional 5,273 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hillman Solutions Price Performance

NASDAQ HLMN opened at $10.43 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The stock’s fifty day moving average price is $10.10 and its 200 day moving average price is $10.24. Hillman Solutions Corp has a 1 year low of $8.43 and a 1 year high of $12.08. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 260.82 and a beta of 1.68.

Insiders Place Their Bets

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the stock in a transaction dated 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 directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip Woodlief sold 19,779 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, the director now directly owns 55,811 shares in the company, valued at $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 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.