Reinhart Partners LLC. Has $76.12 Million Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Reinhart Partners LLC. boosted its stake in Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 13.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,659,239 shares of the company's stock after purchasing an additional 1,046,765 shares during the quarter. Hillman Solutions comprises about 2.8% of Reinhart Partners LLC.'s investment portfolio, making the stock its 13th largest holding. Reinhart Partners LLC. owned about 4.39% of Hillman Solutions worth $76,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in HLMN. Federated Hermes Inc. bought a new stake in shares of Hillman Solutions in the 4th quarter valued at $25,000. Sterling Capital Management LLC increased its holdings in shares of Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after acquiring an additional 4,572 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Hillman Solutions by 1,911.4% in the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock worth $63,000 after acquiring an additional 6,193 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Hillman Solutions by 1,337.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock worth $68,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Hillman Solutions by 285.7% in the fourth quarter. Jones Financial Companies Lllp now owns 7,985 shares of the company's stock worth $78,000 after acquiring an additional 5,915 shares in the last quarter. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Performance

Shares of HLMN traded up $0.07 during mid-day trading on Tuesday, reaching $7.51. The company's stock had a trading volume of 787,640 shares, compared to its average volume of 1,091,422. Hillman Solutions Corp has a 1-year low of $6.64 and a 1-year high of $12.08. The stock has a market cap of $1.48 billion, a P/E ratio of 93.89 and a beta of 1.68. The business has a 50-day simple moving average of $7.57 and a two-hundred day simple moving average of $9.14. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $359.34 million during the quarter, compared to analysts' expectations of $358.14 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. As a group, equities research analysts anticipate that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In other news, CFO Robert O. Kraft acquired 140,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the purchase, the chief financial officer now directly owns 632,752 shares of the company's stock, valued at $4,486,211.68. The trade was a 28.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird lowered their price target on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Barclays lowered their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Raymond James set a $10.00 price target on Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Benchmark reaffirmed a "buy" rating and set a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $11.00.

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.