Reinhart Partners LLC. Purchases 1,393,980 Shares of Hillman Solutions Corp. $HLMN

Key Points

• Reinhart Partners LLC increased its holdings in Hillman Solutions Corp. by 16.1%, owning approximately 10 million shares valued at about $71.78 million, making it the firm's 15th largest investment.
• Hillman Solutions reported a net margin of 1.44% and earnings per share of $0.17 for the last quarter, exceeding analysts' expectations.
• Analysts have raised their price targets for Hillman Solutions, with a consensus target of $11.83 and ratings ranging from "buy" to "strong-buy" for the stock.

Reinhart Partners LLC. increased its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 16.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,053,219 shares of the company's stock after acquiring an additional 1,393,980 shares during the quarter. Hillman Solutions makes up about 2.5% of Reinhart Partners LLC.'s holdings, making the stock its 15th largest position. Reinhart Partners LLC. owned about 5.09% of Hillman Solutions worth $71,780,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in shares of Hillman Solutions by 9.7% in the second quarter. Harbor Capital Advisors Inc. now owns 1,994,363 shares of the company's stock valued at $14,240,000 after buying an additional 176,064 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Hillman Solutions in the second quarter valued at $213,000. Jane Street Group LLC raised its stake in shares of Hillman Solutions by 334.9% in the first quarter. Jane Street Group LLC now owns 298,438 shares of the company's stock valued at $2,623,000 after buying an additional 229,815 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Hillman Solutions by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company's stock valued at $3,463,000 after buying an additional 21,619 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Hillman Solutions by 44.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 100,208 shares of the company's stock valued at $881,000 after buying an additional 30,946 shares during the period. 98.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the transaction, the insider owned 56,618 shares of the company's stock, valued at approximately $558,253.48. This represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HLMN. Stifel Nicolaus boosted their target price on Hillman Solutions from $10.75 to $12.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Canaccord Genuity Group boosted their price objective on 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 "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Finally, Barclays boosted their price objective on Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Hillman Solutions currently has an average rating of "Moderate Buy" and an average price target of $11.83.

Hillman Solutions Trading Down 3.1%

HLMN traded down $0.30 during midday trading on Friday, reaching $9.48. 1,924,882 shares of the company's stock traded hands, compared to its average volume of 909,686. The firm has a fifty day moving average of $9.24 and a two-hundred day moving average of $8.31. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 86.19 and a beta of 1.67. 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 52 week low of $6.55 and a 52 week high of $12.08.

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

Hillman Solutions Company 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.