Reinhart Partners LLC. Has $73.63 Million Position in Hillman Solutions Corp (NASDAQ:HLMN)

Reinhart Partners LLC. boosted its holdings in Hillman Solutions Corp (NASDAQ:HLMNFree Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,920,005 shares of the company’s stock after buying an additional 202,387 shares during the quarter. Hillman Solutions accounts for about 3.0% of Reinhart Partners LLC.’s investment portfolio, making the stock its 9th largest position. Reinhart Partners LLC.’s holdings in Hillman Solutions were worth $73,629,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of HLMN. M&T Bank Corp grew its holdings in shares of Hillman Solutions by 6.8% in the 4th quarter. M&T Bank Corp now owns 30,804 shares of the company’s stock worth $284,000 after acquiring an additional 1,952 shares during the last quarter. Amalgamated Bank increased its stake in Hillman Solutions by 19.7% in the 3rd quarter. Amalgamated Bank now owns 18,322 shares of the company’s stock worth $151,000 after purchasing an additional 3,020 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Hillman Solutions by 12.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 33,259 shares of the company’s stock worth $274,000 after buying an additional 3,649 shares during the period. Swiss National Bank lifted its stake in Hillman Solutions by 1.0% during the third quarter. Swiss National Bank now owns 427,600 shares of the company’s stock valued at $3,528,000 after buying an additional 4,200 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Hillman Solutions by 13.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 55,760 shares of the company’s stock worth $460,000 after buying an additional 6,740 shares during the period. Institutional investors own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Stifel Nicolaus restated a “buy” rating and issued a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. Canaccord Genuity Group lifted their price target on Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Robert W. Baird upped their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hillman Solutions currently has an average rating of “Moderate Buy” and an average target price of $11.75.

View Our Latest Stock Report on HLMN

Insider Activity

In related news, Director Aaron Jagdfeld sold 49,447 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total value of $447,000.88. Following the transaction, the director now owns 197,031 shares in the company, valued at $1,781,160.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is owned by corporate insiders.

Hillman Solutions Stock Down 1.6 %

Shares of NASDAQ:HLMN traded down $0.14 during trading on Tuesday, reaching $8.69. 759,246 shares of the company traded hands, compared to its average volume of 853,717. Hillman Solutions Corp has a 1-year low of $6.02 and a 1-year high of $10.85. The company has a quick ratio of 0.78, a current ratio of 2.49 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.70 billion, a P/E ratio of -868.13 and a beta of 1.69. The firm has a fifty day simple moving average of $9.43 and a 200 day simple moving average of $9.30.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 7.50% and a negative net margin of 0.13%. The firm had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that Hillman Solutions Corp will post 0.46 earnings per share for the current fiscal year.

Hillman Solutions Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Hillman Solutions (NASDAQ:HLMN)

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