Northern Trust Corp Grows Stake in Hillman Solutions Corp. $HLMN

Key Points

• Northern Trust Corp increased its stake in Hillman Solutions Corp by 1.7% during Q1, holding 2,715,996 shares valued at approximately $23.87 million.
• Recent earnings results showed Hillman Solutions reporting a 0.17 EPS, exceeding estimates, with revenue of $402.8 million, marking a 6.2% year-over-year increase.
• Analysts have raised their price targets for Hillman Solutions, with Canaccord Genuity increasing theirs from $13.00 to $15.00 and maintaining a "buy" rating.

Northern Trust Corp raised its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,715,996 shares of the company's stock after buying an additional 44,207 shares during the period. Northern Trust Corp owned about 1.38% of Hillman Solutions worth $23,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake 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 worth $172,067,000 after purchasing an additional 134,830 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Hillman Solutions by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company's stock valued at $83,416,000 after purchasing an additional 613,865 shares during the period. Reinhart Partners LLC. raised its stake in shares of 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 buying an additional 1,046,765 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Hillman Solutions by 1.0% during 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 buying an additional 67,389 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Hillman Solutions by 25.2% during the 1st quarter. American Century Companies Inc. now owns 4,507,872 shares of the company's stock valued at $39,624,000 after acquiring an additional 906,528 shares during the period. Hedge funds and other institutional investors own 98.11% of the company's stock.

Insider Activity at Hillman Solutions

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the firm's stock in a transaction on 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 transaction, the insider directly owned 56,618 shares of the company's stock, valued at approximately $558,253.48. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company's stock.

Hillman Solutions Price Performance

Shares of HLMN traded up $0.11 during midday trading on Thursday, hitting $9.90. 554,362 shares of the company traded hands, compared to its average volume of 1,437,375. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 89.96 and a beta of 1.67. The firm has a 50 day moving average of $8.69 and a 200-day moving average of $8.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 2.28. 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 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The company had revenue of $402.80 million for the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.Hillman Solutions's quarterly revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. On average, analysts forecast that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HLMN has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group lifted their target price on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Hillman Solutions from a "hold" rating to a "buy" rating in a research note on Monday, August 11th. Finally, Stifel Nicolaus raised their price target on Hillman Solutions from $10.75 to $12.00 and gave the company a "buy" rating in a report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Hillman Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $11.83.

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.