Vanguard Group Inc. Increases Stock Position in Hillman Solutions Corp. $HLMN

Key Points

• Vanguard Group Inc. increased its stake in Hillman Solutions Corp. by 0.7%, acquiring an additional 134,830 shares, bringing its total ownership to approximately 19.6 million shares valued at $172 million.
• Hillman Solutions reported a Q2 earnings per share of $0.17, exceeding analysts' estimates, with revenue of $402.8 million, up 6.2% from the previous year.
• Analysts have mixed ratings on Hillman Solutions, with price targets ranging from $8.00 to $15.00, and a consensus rating of "Moderate Buy".

Vanguard Group Inc. raised its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,575,307 shares of the company's stock after purchasing an additional 134,830 shares during the quarter. Vanguard Group Inc. owned approximately 9.92% of Hillman Solutions worth $172,067,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock valued at $329,000 after purchasing an additional 1,325 shares during the period. Principal Financial Group Inc. increased its position in Hillman Solutions by 12.4% during the 1st quarter. Principal Financial Group Inc. now owns 13,482 shares of the company's stock valued at $119,000 after purchasing an additional 1,491 shares during the period. Victory Capital Management Inc. increased its position in Hillman Solutions by 2.5% during the 1st quarter. Victory Capital Management Inc. now owns 76,530 shares of the company's stock valued at $673,000 after purchasing an additional 1,872 shares during the period. MetLife Investment Management LLC increased its position in Hillman Solutions by 2.0% during the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock valued at $1,163,000 after purchasing an additional 2,391 shares during the period. Finally, US Bancorp DE grew its position in shares of Hillman Solutions by 14.5% in the 1st quarter. US Bancorp DE now owns 21,356 shares of the company's stock worth $188,000 after buying an additional 2,700 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Down 0.7%

HLMN stock traded down $0.07 during trading on Tuesday, hitting $9.94. 1,163,928 shares of the stock traded hands, compared to its average volume of 1,981,189. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $12.08. The firm's 50 day moving average is $8.32 and its two-hundred day moving average is $8.33. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 90.37 and a beta of 1.66. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 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 company had revenue of $402.80 million for the quarter, compared to the consensus estimate of $389.45 million. The firm'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. On average, sell-side analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HLMN. Stifel Nicolaus began coverage on shares of Hillman Solutions in a research report on Monday, July 14th. They issued a "buy" rating and a $9.50 target price on the stock. Canaccord Genuity Group upped their target price on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Barclays upped 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 report on Wednesday, August 6th. Robert W. Baird reduced their target price on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Hillman Solutions from a "hold" rating to a "buy" rating in a research report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

Insider Buying and Selling

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total transaction of $44,685.52. Following the sale, the insider directly 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 document filed with the SEC, which can be accessed through this hyperlink. 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.