First Trust Advisors LP Grows Stock Holdings in Hillman Solutions Corp. $HLMN

Key Points

• First Trust Advisors LP increased its Hillman Solutions stake by 69.1% in the first quarter, bringing its holdings to 270,453 shares worth approximately $2.25 million. Institutional investors collectively own 98.11% of HLMN.
• Analyst sentiment remains moderately positive: three analysts rate the stock a Buy and one rates it a Sell, producing an average price target of $13 versus the recent $9.22 share price.
• Hillman reported quarterly EPS of $0.17, in line with estimates, while revenue of $442.25 million exceeded expectations of $433.67 million. Analysts expect full-year EPS of $0.60.

First Trust Advisors LP lifted its stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 69.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,453 shares of the company's stock after purchasing an additional 110,478 shares during the quarter. First Trust Advisors LP owned about 0.14% of Hillman Solutions worth $2,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reinhart Partners LLC. raised its stake in Hillman Solutions by 8.8% during the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company's stock valued at $98,625,000 after buying an additional 916,986 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company's stock worth $93,999,000 after acquiring an additional 10,839,127 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 870,216 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Hillman Solutions by 4.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company's stock valued at $49,487,000 after acquiring an additional 230,580 shares in the last quarter. Finally, State Street Corp raised its position in shares of Hillman Solutions by 0.7% in the 4th quarter. State Street Corp now owns 4,313,518 shares of the company's stock worth $37,355,000 after purchasing an additional 28,735 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HLMN shares. Canaccord Genuity Group dropped their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Wall Street Zen cut shares of Hillman Solutions from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $13.00.

Hillman Solutions Trading Up 1.7%

Shares of NASDAQ:HLMN opened at $9.22 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.82. Hillman Solutions Corp. has a 1 year low of $6.96 and a 1 year high of $10.85. The company has a market cap of $1.81 billion, a P/E ratio of 41.91, a PEG ratio of 1.27 and a beta of 1.39. The stock's fifty day moving average price is $8.00 and its 200-day moving average price is $8.36.

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

About Hillman Solutions

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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