Principal Financial Group Inc. Sells 2,486 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Principal Financial Group Inc. lessened its position in Hillman Solutions Corp (NASDAQ:HLMN) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,991 shares of the company’s stock after selling 2,486 shares during the period. Principal Financial Group Inc.’s holdings in Hillman Solutions were worth $117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HLMN. R Squared Ltd bought a new position in shares of Hillman Solutions in the 4th quarter valued at about $32,000. First Horizon Advisors Inc. grew its position in shares of Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after acquiring an additional 2,317 shares during the period. Quarry LP acquired a new stake in shares of Hillman Solutions during the 3rd quarter worth about $43,000. Entropy Technologies LP acquired a new stake in shares of Hillman Solutions during the 4th quarter worth about $106,000. Finally, US Bancorp DE lifted its stake in shares of Hillman Solutions by 508.2% during the 3rd quarter. US Bancorp DE now owns 18,660 shares of the company’s stock worth $197,000 after buying an additional 15,592 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HLMN shares. Benchmark restated a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays cut their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Robert W. Baird cut their target price on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Two equities research 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 has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Hillman Solutions Price Performance

HLMN stock opened at $9.55 on Friday. The company has a quick ratio of 0.76, a current ratio of 2.32 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 market cap of $1.88 billion, a P/E ratio of 119.39 and a beta of 1.68. The company’s 50-day moving average price is $9.92 and its two-hundred day moving average price is $10.29.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. During the same period in the prior year, the business earned $0.10 earnings per share. On average, analysts anticipate that Hillman Solutions Corp will post 0.58 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.