Reinhart Partners LLC. Increases Stock Position in Hillman Solutions Corp (NASDAQ:HLMN)

Reinhart Partners LLC. lifted its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,612,474 shares of the company's stock after buying an additional 130,273 shares during the quarter. Hillman Solutions comprises 2.8% of Reinhart Partners LLC.'s investment portfolio, making the stock its 9th biggest position. Reinhart Partners LLC. owned about 3.87% of Hillman Solutions worth $74,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HLMN. First Horizon Advisors Inc. lifted its stake in Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock worth $35,000 after purchasing an additional 2,317 shares in the last quarter. Quarry LP bought a new position in shares of Hillman Solutions in the third quarter worth $43,000. Canada Pension Plan Investment Board purchased a new stake in shares of Hillman Solutions in the second quarter worth $57,000. Benjamin F. Edwards & Company Inc. boosted its stake in Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company's stock valued at $78,000 after buying an additional 4,473 shares during the period. Finally, Stratos Wealth Advisors LLC purchased a new position in Hillman Solutions during the third quarter worth about $132,000. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Trading Up 2.2 %

Shares of Hillman Solutions stock traded up $0.20 during trading on Monday, reaching $9.49. The company's stock had a trading volume of 951,972 shares, compared to its average volume of 895,725. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions Corp has a 52-week low of $8.43 and a 52-week high of $12.08. The firm's 50-day moving average is $10.58 and its two-hundred day moving average is $10.11. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 237.31 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. On average, sell-side analysts anticipate that Hillman Solutions Corp will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on HLMN. Robert W. Baird raised their price target on Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Benchmark raised their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Canaccord Genuity Group boosted their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. William Blair cut shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Finally, Barclays upped their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Hillman Solutions has a consensus rating of "Moderate Buy" and an average price target of $14.20.

Insiders Place Their Bets

In related news, insider Scott Ride sold 72,523 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares in the company, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction on Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% 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.