Charles Schwab Investment Management Inc. Purchases 95,022 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Charles Schwab Investment Management Inc. raised its position in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,415,894 shares of the company’s stock after acquiring an additional 95,022 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.23% of Hillman Solutions worth $25,512,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. WCM Investment Management LLC boosted its position in shares of Hillman Solutions by 1.5% in the 3rd quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after purchasing an additional 49,306 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 worth $7,137,000 after acquiring an additional 70,861 shares during the last quarter. Harbor Capital Advisors Inc. raised 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 worth $17,013,000 after acquiring an additional 914,151 shares during the last quarter. Atria Investments Inc raised its holdings in Hillman Solutions by 24.5% in the 3rd quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock worth $799,000 after acquiring an additional 14,904 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in Hillman Solutions by 2.7% in the 2nd 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 during the last quarter. 98.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the stock in a transaction dated Monday, November 18th. The shares were 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 owns 70,369 shares of the company’s stock, valued at $750,133.54. This represents a 50.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Canaccord Genuity Group boosted their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Robert W. Baird boosted their target price 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, Barclays boosted their target price 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.60.

Hillman Solutions Trading Down 2.4 %

Shares of Hillman Solutions stock opened at $11.20 on Friday. The company has a market capitalization of $2.20 billion, a P/E ratio of 280.07 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The company has a fifty day moving average of $10.78 and a 200 day moving average of $9.88. Hillman Solutions Corp has a fifty-two week low of $7.51 and a fifty-two week high of $12.08.

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

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.