Boston Partners Purchases New Holdings in Hillman Solutions Corp. $HLMN

Boston Partners purchased a new stake in Hillman Solutions Corp. (NASDAQ:HLMN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 99,464 shares of the company’s stock, valued at approximately $874,000.

Several other institutional investors have also made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of 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 buying an additional 1,325 shares during the period. Principal Financial Group Inc. lifted its stake in Hillman Solutions by 12.4% during the first quarter. Principal Financial Group Inc. now owns 13,482 shares of the company’s stock worth $119,000 after purchasing an additional 1,491 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Hillman Solutions by 2.5% during the first quarter. Victory Capital Management Inc. now owns 76,530 shares of the company’s stock worth $673,000 after purchasing an additional 1,872 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Hillman Solutions by 2.0% during the fourth quarter. MetLife Investment Management LLC now owns 119,406 shares of the company’s stock worth $1,163,000 after purchasing an additional 2,391 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Hillman Solutions by 24.1% during the first quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company’s stock worth $116,000 after purchasing an additional 2,563 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Down 2.2%

Shares of NASDAQ:HLMN opened at $9.75 on Monday. The company has a fifty day moving average of $7.94 and a 200-day moving average of $8.33. The company has a market capitalization of $1.93 billion, a PE ratio of 88.64 and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 2.28. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%. Hillman Solutions’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the sale, the insider directly owned 56,618 shares in the company, valued at $558,253.48. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Canaccord Genuity Group upped their target price on Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Barclays upped their target price on Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Raymond James Financial set a $10.00 target price on Hillman Solutions and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Stifel Nicolaus started coverage on Hillman Solutions in a research note on Monday, July 14th. They set a “buy” rating and a $9.50 target price for the company. Finally, Robert W. Baird lowered their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.42.

Hillman Solutions 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.