Principal Financial Group Inc. Sells 6,041 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Principal Financial Group Inc. decreased its position in Hillman Solutions Corp (NASDAQ:HLMN) by 29.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,477 shares of the company’s stock after selling 6,041 shares during the quarter. Principal Financial Group Inc.’s holdings in Hillman Solutions were worth $153,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Conestoga Capital Advisors LLC boosted its position in shares of Hillman Solutions by 3.5% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock worth $85,125,000 after purchasing an additional 328,740 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Hillman Solutions by 2.7% in the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock worth $75,363,000 after acquiring an additional 225,480 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of Hillman Solutions by 7.2% in the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after acquiring an additional 503,809 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Hillman Solutions by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock worth $75,588,000 after acquiring an additional 93,759 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock valued at $42,134,000 after acquiring an additional 578,042 shares in the last quarter. 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 several recent analyst reports. Canaccord Genuity Group increased their price objective 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. Robert W. Baird increased their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Finally, Barclays increased their target price on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Insiders Place Their Bets

In related news, insider Scott Ride sold 72,523 shares of the business’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 completion of the transaction, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.10% of the company’s stock.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $11.54 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions Corp has a 1-year low of $7.06 and a 1-year high of $12.08. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 288.57 and a beta of 1.65. The business’s fifty day moving average price is $10.66 and its 200-day moving average price is $9.79.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts predict that Hillman Solutions Corp will post 0.53 earnings per share for the current 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.