Kayne Anderson Rudnick Investment Management LLC Acquires 64,966 Shares of Hillman Solutions Corp. $HLMN

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Hillman Solutions by 0.5%, acquiring an additional 64,966 shares in the 1st quarter, bringing its total ownership to approximately 14.2 million shares worth about $124.9 million.
• Analysts have raised their outlook on Hillman Solutions, with Stifel Nicolaus setting a buy rating and a target price of $9.50, and Canaccord Genuity increasing its target price from $13.00 to $15.00.
• Hillman Solutions reported a quarterly earnings per share of $0.17, surpassing the expected $0.15, with revenue up 6.2% year-over-year to $402.8 million.

Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,214,891 shares of the company's stock after buying an additional 64,966 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 7.20% of Hillman Solutions worth $124,949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Skylands Capital LLC raised its position in Hillman Solutions by 156.5% in the first quarter. Skylands Capital LLC now owns 124,000 shares of the company's stock valued at $1,090,000 after purchasing an additional 75,650 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Hillman Solutions in the first quarter valued at approximately $567,000. T. Rowe Price Investment Management Inc. acquired a new stake in Hillman Solutions in the fourth quarter valued at approximately $17,290,000. Barclays PLC grew its stake in Hillman Solutions by 11.2% in the fourth quarter. Barclays PLC now owns 339,733 shares of the company's stock valued at $3,309,000 after acquiring an additional 34,265 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Hillman Solutions by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,800 shares of the company's stock valued at $22,246,000 after buying an additional 41,690 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HLMN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Hillman Solutions from a "hold" rating to a "buy" rating in a report on Monday, August 11th. Canaccord Genuity Group lifted their price target on Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Barclays lifted their price target on Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus lifted their price target on Hillman Solutions from $10.75 to $12.00 and gave the company a "buy" rating in a research report on Friday. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $11.83.

Hillman Solutions Price Performance

Shares of HLMN traded down $0.04 during midday trading on Friday, reaching $9.93. The stock had a trading volume of 242,471 shares, compared to its average volume of 1,440,309. The company's 50-day moving average is $8.45 and its 200 day moving average is $8.34. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month high of $12.08. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 90.33 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The firm had revenue of $402.80 million during the quarter, compared to analysts' expectations of $389.45 million. Hillman Solutions'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, equities analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $9.86, for a total transaction of $44,685.52. Following the completion of the transaction, the insider owned 56,618 shares of the company's stock, valued at $558,253.48. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.90% of the company's stock.

About Hillman Solutions

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.