Harbor Capital Advisors Inc. Purchases 176,064 Shares of Hillman Solutions Corp. $HLMN

Harbor Capital Advisors Inc. grew its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 9.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,994,363 shares of the company’s stock after acquiring an additional 176,064 shares during the period. Hillman Solutions comprises 0.6% of Harbor Capital Advisors Inc.’s holdings, making the stock its 25th largest holding. Harbor Capital Advisors Inc. owned about 1.01% of Hillman Solutions worth $14,240,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Skylands Capital LLC raised its stake in shares of Hillman Solutions by 156.5% during the first quarter. Skylands Capital LLC now owns 124,000 shares of the company’s stock valued at $1,090,000 after acquiring an additional 75,650 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hillman Solutions during the first quarter worth $567,000. Charles Schwab Investment Management Inc. increased its position in shares of Hillman Solutions by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,530,800 shares of the company’s stock worth $22,246,000 after buying an additional 41,690 shares during the period. Vanguard Group Inc. increased its position in shares of Hillman Solutions by 0.7% during the first quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company’s stock worth $172,067,000 after buying an additional 134,830 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Hillman Solutions during the first quarter worth $516,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Up 0.6%

Hillman Solutions stock opened at $9.77 on Tuesday. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 88.83 and a beta of 1.67. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The firm has a 50 day simple moving average of $9.09 and a 200 day simple moving average of $8.29.

Hillman Solutions (NASDAQ:HLMN) last released 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. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The business had revenue of $402.80 million during the quarter, compared to analyst estimates of $389.45 million. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. On average, analysts predict that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HLMN. Stifel Nicolaus increased their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Barclays raised their price target on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $11.83.

Insiders Place Their Bets

In related news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the transaction, the insider directly owned 56,618 shares in the company, valued at approximately $558,253.48. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.