Hillman Solutions Corp. $HLMN Stock Holdings Raised by Burgundy Asset Management Ltd.

Key Points

• Burgundy Asset Management Ltd. increased its stake in Hillman Solutions Corp. by 6.9% during the first quarter, holding approximately 4.81% of the company's shares valued at $83.4 million.
• Hillman Solutions Corp. reported a net revenue increase of 6.2% year-over-year, totaling $402.8 million for the quarter, and earnings per share were $0.17, surpassing estimates.
• Investment analysts have given Hillman Solutions a consensus rating of "Moderate Buy" with a target price of $11.42, reflecting a generally optimistic outlook on the stock's performance.

Burgundy Asset Management Ltd. lifted its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,489,870 shares of the company's stock after purchasing an additional 613,865 shares during the period. Burgundy Asset Management Ltd. owned 4.81% of Hillman Solutions worth $83,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HLMN. Vanguard Group Inc. grew its position in Hillman Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock worth $172,067,000 after acquiring an additional 134,830 shares during the period. Reinhart Partners LLC. grew its position in Hillman Solutions by 13.8% in the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock worth $76,115,000 after acquiring an additional 1,046,765 shares during the period. Allspring Global Investments Holdings LLC grew its position in Hillman Solutions by 1.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company's stock worth $63,007,000 after acquiring an additional 67,389 shares during the period. Dimensional Fund Advisors LP grew its position in Hillman Solutions by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock worth $62,521,000 after acquiring an additional 605,049 shares during the period. Finally, American Century Companies Inc. grew its position in Hillman Solutions by 25.2% in the first quarter. American Century Companies Inc. now owns 4,507,872 shares of the company's stock worth $39,624,000 after acquiring an additional 906,528 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on HLMN shares. Barclays boosted their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Robert W. Baird cut their price objective on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Canaccord Genuity Group increased their target price on Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Stifel Nicolaus started coverage on Hillman Solutions in a report on Monday, July 14th. They issued a "buy" rating and a $9.50 target price on the stock. Finally, Wall Street Zen upgraded shares of Hillman Solutions from a "hold" rating to a "buy" rating in a research note on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Hillman Solutions has a consensus rating of "Moderate Buy" and an average target price of $11.42.

Insider Buying and Selling at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the sale, the insider owned 56,618 shares of the company's stock, valued at approximately $558,253.48. The trade was a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.90% of the company's stock.

Hillman Solutions Price Performance

Shares of HLMN traded up $0.3980 during mid-day trading on Friday, reaching $10.0880. 871,094 shares of the company's stock were exchanged, compared to its average volume of 1,457,427. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 91.87 and a beta of 1.66. The company has a 50-day simple moving average of $8.13 and a two-hundred day simple moving average of $8.34. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The business had revenue of $402.80 million for the quarter, compared to analyst estimates of $389.45 million. The business's revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Hillman Solutions Company Profile

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.