BlackRock Inc. Purchases Shares of 14,826,747 Hillman Solutions Corp. $HLMN

Key Points

• BlackRock acquired 14.83 million Hillman Solutions shares worth approximately $125.1 million, giving it a 7.56% stake. Institutional investors collectively own 98.11% of HLMN.
• Analyst sentiment remains mixed, with ratings split between Buy, Hold, and Sell. The consensus rating is Hold, with an average price target of $12.67.
• Hillman reported quarterly EPS of $0.17, in line with estimates, while revenue of $442.25 million exceeded expectations. The stock opened at $7.77, compared with a 12-month range of $6.96 to $10.85.

BlackRock Inc. acquired a new stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,826,747 shares of the company's stock, valued at approximately $125,138,000. BlackRock Inc. owned about 7.56% of Hillman Solutions at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLMN. Bank of Montreal Can boosted its holdings in shares of Hillman Solutions by 71,052.9% during the 4th 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. UBS Group AG increased its holdings in shares of Hillman Solutions by 112.2% in the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company's stock worth $23,134,000 after purchasing an additional 1,412,693 shares during the last quarter. 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 worth $98,625,000 after purchasing an additional 916,986 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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 worth $80,358,000 after buying an additional 870,216 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in shares of Hillman Solutions in the third quarter worth about $7,364,000. Institutional investors own 98.11% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HLMN. Weiss Ratings raised Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded Hillman Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Barclays boosted their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, August 10th. Finally, Canaccord Genuity Group lowered their price objective 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. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.67.

Insider Activity

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 17,381 shares of Hillman Solutions 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 sale, the insider owned 54,723 shares of the company's stock, valued at approximately $468,976.11. The trade was a 24.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.30% of the company's stock.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $7.77 on Friday. The firm has a 50-day moving average price of $8.26 and a 200-day moving average price of $8.21. The firm has a market capitalization of $1.51 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. Hillman Solutions Corp. has a 12-month low of $6.96 and a 12-month high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.17 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 firm had revenue of $442.25 million for the quarter, compared to analysts' expectations of $433.67 million. As a group, equities research analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Hillman Solutions 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.

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