UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Hillman Solutions Corp. $HLMN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 21.4% in the second quarter, Holdings Channel reports. The fund owned 281,501 shares of the company’s stock after selling 76,617 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hillman Solutions were worth $2,376,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $125,138,000. Reinhart Partners LLC. increased its holdings in shares of Hillman Solutions by 8.8% in the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after purchasing an additional 916,986 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after purchasing an additional 10,839,127 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Hillman Solutions by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after purchasing an additional 870,216 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Hillman Solutions during the second quarter worth approximately $67,324,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Canaccord Genuity Group cut their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a report on Thursday. Finally, Barclays boosted their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.67.

Insider Buying and Selling at Hillman Solutions

In other news, insider Amanda Kitzberger sold 13,750 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total value of $99,687.50. Following the transaction, the insider owned 58,855 shares of the company’s stock, valued at $426,698.75. This represents a 18.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Aaron Parker sold 17,381 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the transaction, the insider directly owned 54,723 shares in the company, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.30% of the stock is owned by company insiders.

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $6.98 on Friday. The firm has a 50 day simple moving average of $8.12 and a 200-day simple moving average of $8.06. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. Hillman Solutions Corp. has a 1-year low of $6.91 and a 1-year high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The firm had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. On average, analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current year.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.