Heartland Advisors Inc. Takes Position in Hillman Solutions Corp. $HLMN

Heartland Advisors Inc. bought a new stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 800,000 shares of the company’s stock, valued at approximately $6,752,000.

Several other institutional investors and hedge funds have also bought and sold shares of HLMN. BlackRock Inc. purchased a new position in Hillman Solutions in the 2nd quarter worth approximately $125,138,000. Reinhart Partners LLC. lifted its position in 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 boosted its stake in shares of Hillman Solutions by 71,052.9% during 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 period. Dimensional Fund Advisors LP boosted its stake in shares of Hillman Solutions by 9.9% during 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 period. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Hillman Solutions by 4.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock worth $49,487,000 after purchasing an additional 230,580 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Trading Up 0.6%

Shares of HLMN opened at $8.36 on Friday. Hillman Solutions Corp. has a 1-year low of $6.96 and a 1-year high of $10.85. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is $8.26 and its 200-day moving average price is $8.29. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 1.17 and a beta of 1.39.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Sell-side analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings raised shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Canaccord Genuity Group dropped their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Barclays raised their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hillman Solutions presently has an average rating of “Hold” and an average price target of $12.50.

Hillman Solutions Company Profile

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.