Hillman Solutions Corp. $HLMN Shares Acquired by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. significantly increased its stake in Hillman Solutions Corp. by 240.4%, acquiring 4,267,364 shares, bringing its total holdings to 6,042,490 shares valued at approximately $53.11 million.
• Other institutional investors, including Skylands Capital LLC and Barclays PLC, also expanded their positions, highlighting strong interest in the company as institutional ownership now stands at 98.11%.
• Hillman Solutions recently reported earnings of $0.17 per share for the quarter, surpassing estimates, while the stock has experienced fluctuating performance with a one-year low of $6.55 and a high of $12.08.

T. Rowe Price Investment Management Inc. lifted its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 240.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,042,490 shares of the company's stock after acquiring an additional 4,267,364 shares during the period. T. Rowe Price Investment Management Inc. owned 3.06% of Hillman Solutions worth $53,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLMN. Quantbot Technologies LP lifted its holdings in shares of Hillman Solutions by 7,535.5% during the first quarter. Quantbot Technologies LP now owns 50,929 shares of the company's stock worth $448,000 after purchasing an additional 50,262 shares during the period. Wellington Management Group LLP increased its stake in Hillman Solutions by 6.1% in the 1st quarter. Wellington Management Group LLP now owns 2,471,604 shares of the company's stock valued at $21,725,000 after purchasing an additional 141,368 shares in the last quarter. Northern Trust Corp increased its position in shares of Hillman Solutions by 1.7% in the first quarter. Northern Trust Corp now owns 2,715,996 shares of the company's stock valued at $23,874,000 after buying an additional 44,207 shares in the last quarter. Burgundy Asset Management Ltd. raised its position 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 worth $83,416,000 after acquiring an additional 613,865 shares during the last quarter. Finally, American Century Companies Inc. raised its position 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 worth $39,624,000 after purchasing an additional 906,528 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the business's stock in a transaction 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.90% of the company's stock.

Hillman Solutions Stock Performance

Shares of HLMN traded down $0.08 during trading hours on Thursday, reaching $9.90. 161,612 shares of the company's stock traded hands, compared to its average volume of 1,444,098. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $12.08. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 89.80 and a beta of 1.66. The business's fifty day simple moving average is $8.38 and its two-hundred day simple moving average is $8.34. 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 (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, beating the consensus estimate of $0.15 by $0.02. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The business had revenue of $402.80 million during the quarter, compared to analysts' expectations of $389.45 million. 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. Analysts predict that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

HLMN has been the topic of a number of recent research reports. Stifel Nicolaus assumed coverage on shares of Hillman Solutions in a report on Monday, July 14th. They issued a "buy" rating and a $9.50 target price on the stock. Canaccord Genuity Group raised their price objective on Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Hillman Solutions from a "hold" rating to a "buy" rating in a report on Monday, August 11th. Robert W. Baird lowered their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Barclays lifted their price objective on Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $11.42.

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.