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

Principal Financial Group Inc. trimmed its holdings in Hillman Solutions Corp (NASDAQ:HLMN) by 29.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HLMN. Canada Pension Plan Investment Board purchased a new position in shares of Hillman Solutions in the second quarter worth $57,000. Benjamin F. Edwards & Company Inc. increased its holdings in Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after acquiring an additional 4,473 shares during the last quarter. Institute for Wealth Management LLC. purchased a new stake in Hillman Solutions in the 2nd quarter worth $101,000. Stratos Wealth Advisors LLC purchased a new stake in Hillman Solutions in the 3rd quarter worth $132,000. Finally, MBB Public Markets I LLC bought a new position in shares of Hillman Solutions during the 2nd quarter valued at about $133,000. 98.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HLMN shares. Barclays lifted their target price on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Canaccord Genuity Group lifted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird increased their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Benchmark reissued a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Hillman Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.10% of the company’s stock.

Hillman Solutions Trading Up 2.3 %

Shares of NASDAQ HLMN opened at $11.54 on Tuesday. Hillman Solutions Corp has a 1-year low of $7.06 and a 1-year high of $12.08. 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 business’s 50 day moving average is $10.66 and its two-hundred day moving average is $9.79. The stock has a market capitalization of $2.27 billion, a P/E ratio of 288.57 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, research analysts expect that Hillman Solutions Corp will post 0.53 EPS for the current year.

About Hillman Solutions

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.