1,500,165 Shares of Hillman Solutions Corp. $HLMN Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 1.5 million Hillman Solutions shares in the second quarter, worth approximately $12.7 million and representing about 0.77% of the company. Institutional investors collectively own 98.11% of HLMN.
• Analyst sentiment is moderately positive: Hillman has a consensus rating of “Moderate Buy” and an average price target of $12.67, despite mixed individual ratings and recent insider selling.
• HLMN shares opened at $7.05, near their 52-week low of $6.91. The company recently met earnings expectations at $0.17 per share and exceeded revenue estimates with quarterly sales of $442.25 million.

Bank of America Corp DE acquired a new position in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,500,165 shares of the company's stock, valued at approximately $12,661,000. Bank of America Corp DE owned approximately 0.77% of Hillman Solutions at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Hillman Solutions during the 2nd quarter worth $125,138,000. Reinhart Partners LLC. boosted its position in Hillman Solutions by 8.8% during the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company's stock worth $98,625,000 after acquiring an additional 916,986 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Hillman Solutions by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company's stock valued at $80,358,000 after acquiring an additional 870,216 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hillman Solutions during the 2nd quarter valued at about $30,105,000. Finally, GW&K Investment Management LLC raised its holdings in Hillman Solutions by 0.3% in the 4th quarter. GW&K Investment Management LLC now owns 3,089,708 shares of the company's stock valued at $26,756,000 after acquiring an additional 8,421 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Insider Activity

In other news, insider Aaron Parker sold 17,381 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the transaction, the insider directly owned 54,723 shares of the company's stock, valued at approximately $468,976.11. This represents a 24.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Amanda Kitzberger sold 13,750 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the completion of the transaction, the insider directly owned 58,855 shares of the company's stock, valued at $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HLMN shares. Barclays upped their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Jefferies Financial Group upgraded Hillman Solutions to a "strong-buy" rating in a report on Thursday, September 10th. Canaccord Genuity Group dropped their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, July 1st. Finally, 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. One equities research 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 company's stock. According to MarketBeat.com, Hillman Solutions has a consensus rating of "Moderate Buy" and an average target price of $12.67.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $7.05 on Friday. The firm has a 50 day moving average of $7.96 and a two-hundred day moving average of $7.98. The stock has a market capitalization of $1.37 billion, a PE ratio of 32.05, a P/E/G ratio of 0.98 and a beta of 1.38. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. Hillman Solutions Corp. has a 52 week low of $6.91 and a 52 week high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, hitting analysts' consensus estimates of $0.17. The business had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. On average, research analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Hillman Solutions Company Profile

Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.

Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.

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