Charles Schwab Investment Management Inc. Purchases 41,690 Shares of Hillman Solutions Corp. $HLMN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Hillman Solutions Corp. by 1.7% during the 1st quarter, owning approximately 1.28% of the company, valued at $22.2 million.
• Hillman Solutions reported an earnings per share (EPS) of $0.17 for the last quarter, surpassing analysts' expectations and showing a revenue increase of 6.2% year-over-year.
• Recent analyst upgrades include a rating increase from "hold" to "buy" by Wall Street Zen, while Canaccord Genuity raised its price target from $13.00 to $15.00.

Charles Schwab Investment Management Inc. grew its stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,530,800 shares of the company's stock after acquiring an additional 41,690 shares during the period. Charles Schwab Investment Management Inc. owned 1.28% of Hillman Solutions worth $22,246,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Hillman Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock valued at $172,067,000 after acquiring an additional 134,830 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Hillman Solutions by 1.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company's stock valued at $86,452,000 after acquiring an additional 160,505 shares in the last quarter. Reinhart Partners LLC. grew its holdings in shares of Hillman Solutions by 13.8% in the 1st quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock valued at $76,115,000 after acquiring an additional 1,046,765 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Hillman Solutions by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company's stock valued at $63,007,000 after acquiring an additional 67,389 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Hillman Solutions by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock worth $62,521,000 after purchasing an additional 605,049 shares during the period. Institutional investors own 98.11% of the company's stock.

Analysts Set New Price Targets

HLMN has been the subject of a number of recent analyst reports. Robert W. Baird cut their price objective on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Raymond James Financial set a $10.00 price objective on shares of Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Barclays raised their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus started coverage on shares of Hillman Solutions in a report on Monday, July 14th. They set a "buy" rating and a $9.50 target price on the stock. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

Hillman Solutions Price Performance

NASDAQ:HLMN traded up $0.05 during mid-day trading on Wednesday, reaching $9.99. The stock had a trading volume of 33,600 shares, compared to its average volume of 1,448,306. The stock has a 50-day simple moving average of $8.32 and a two-hundred day simple moving average of $8.33. The stock has a market capitalization of $1.97 billion, a PE ratio of 90.84 and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72. Hillman Solutions Corp. has a 12 month low of $6.55 and a 12 month high of $12.08.

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

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $9.86, for a total transaction of $44,685.52. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.90% of the company's stock.

Hillman Solutions 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.