Reinhart Partners LLC. Acquires 916,986 Shares of Hillman Solutions Corp. $HLMN

Reinhart Partners LLC. raised its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 8.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,388,518 shares of the company’s stock after buying an additional 916,986 shares during the quarter. Hillman Solutions comprises 3.0% of Reinhart Partners LLC.’s portfolio, making the stock its 12th largest holding. Reinhart Partners LLC. owned about 0.06% of Hillman Solutions worth $98,625,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. MGO One Seven LLC lifted its position in Hillman Solutions by 3.8% during the fourth quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock valued at $260,000 after purchasing an additional 1,109 shares during the last quarter. MQS Management LLC lifted its position in Hillman Solutions by 11.1% during the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after purchasing an additional 1,406 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in Hillman Solutions by 6.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 31,569 shares of the company’s stock valued at $273,000 after purchasing an additional 1,773 shares during the last quarter. ProShare Advisors LLC lifted its position in Hillman Solutions by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 36,213 shares of the company’s stock valued at $314,000 after purchasing an additional 2,332 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in Hillman Solutions by 13.5% during the fourth quarter. Benjamin Edwards Inc. now owns 20,095 shares of the company’s stock valued at $174,000 after purchasing an additional 2,397 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

HLMN has been the subject of several research reports. Benchmark lowered their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Weiss Ratings lowered shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 price objective on shares of Hillman Solutions in a research report on Tuesday, March 24th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.50.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $7.30 on Wednesday. The firm has a 50-day moving average price of $8.05 and a 200-day moving average price of $8.68. The firm has a market capitalization of $1.43 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. The company has a current ratio of 2.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Monday, April 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $370.07 million during the quarter, compared to the consensus estimate of $371.73 million. Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.Hillman Solutions’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. As a group, equities research analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Insider Activity

In other news, insider Amanda Kitzberger sold 11,804 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total value of $97,855.16. Following the completion of the sale, the insider owned 72,605 shares in the company, valued at approximately $601,895.45. This trade represents a 13.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.90% of the company’s stock.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.