Heartland Advisors Inc. Invests $6.75 Million in Hillman Solutions Corp. $HLMN

Key Points

• Heartland Advisors initiated a position in Hillman Solutions by purchasing 800,000 shares worth approximately $6.75 million, representing about 0.41% of the company.
• Institutional ownership remains very high at 98.11%, with BlackRock, Bank of Montreal, UBS, Reinhart Partners and Dimensional Fund Advisors among firms increasing or establishing positions.
• Hillman reported quarterly revenue of $442.25 million and adjusted earnings of $0.17 per share, matching estimates on EPS while exceeding revenue expectations. Analysts maintain a consensus “Hold” rating with a $12.50 average price target.

Heartland Advisors Inc. bought a new position in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 800,000 shares of the company's stock, valued at approximately $6,752,000. Heartland Advisors Inc. owned about 0.41% of Hillman Solutions at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Hillman Solutions in the 2nd quarter valued at approximately $125,138,000. Bank of Montreal Can lifted its holdings in 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 worth $93,999,000 after purchasing an additional 10,839,127 shares in the last quarter. UBS Group AG boosted its stake in Hillman Solutions by 112.2% in the 4th 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 period. Reinhart Partners LLC. grew its holdings in Hillman Solutions by 8.8% during the 4th 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings 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 buying an additional 870,216 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Up 0.6%

Shares of NASDAQ HLMN opened at $8.36 on Friday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 38.00, a PEG ratio of 1.17 and a beta of 1.39. Hillman Solutions Corp. has a one year low of $6.96 and a one year high of $10.85. The firm's 50 day simple moving average is $8.26 and its two-hundred day simple moving average is $8.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.17 earnings per share 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 during the quarter, compared to analyst estimates of $433.67 million. As a group, analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group cut 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. Barclays upped their target price 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. Wall Street Zen downgraded 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 report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.50.

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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