Wellington Management Group LLP Grows Stake in Hillman Solutions Corp. $HLMN

Key Points

• Wellington Management Group LLP increased its stake in Hillman Solutions Corp. by 6.1% during Q1, now owning approximately 1.25% of the company valued at $21.7 million.
• Hillman Solutions recently reported earnings of $0.17 per share, exceeding analyst expectations, with revenue of $402.8 million for the quarter, marking a 6.2% year-over-year increase.
• Several analysts have issued ratings on Hillman Solutions, with a consensus rating of "Moderate Buy" and an average price target of $11.42.

Wellington Management Group LLP raised its stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 6.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,471,604 shares of the company's stock after acquiring an additional 141,368 shares during the quarter. Wellington Management Group LLP owned approximately 1.25% of Hillman Solutions worth $21,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Hillman Solutions by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock valued at $329,000 after acquiring an additional 1,325 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Hillman Solutions by 12.4% in the first quarter. Principal Financial Group Inc. now owns 13,482 shares of the company's stock valued at $119,000 after acquiring an additional 1,491 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Hillman Solutions by 2.5% in the first quarter. Victory Capital Management Inc. now owns 76,530 shares of the company's stock valued at $673,000 after acquiring an additional 1,872 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Hillman Solutions by 2.0% in the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock valued at $1,163,000 after acquiring an additional 2,391 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Hillman Solutions by 24.1% in the first quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company's stock valued at $116,000 after acquiring an additional 2,563 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $10.01 on Tuesday. The company's 50 day moving average is $8.25 and its 200-day moving average is $8.32. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.98 billion, a P/E ratio of 91.01 and a beta of 1.66. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The business had revenue of $402.80 million for the quarter, compared to analyst estimates of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The business'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. Sell-side analysts predict that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Raymond James Financial set a $10.00 target price on shares of Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Robert W. Baird dropped 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 note on Wednesday, April 30th. Canaccord Genuity Group boosted their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Hillman Solutions from a "hold" rating to a "buy" rating in a research report on Monday, August 11th. Finally, Barclays boosted their price target on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Hillman Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $11.42.

Insiders Place Their Bets

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the company's stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.90% of the company's stock.

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.

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