Reinhart Partners LLC. Trims Stock Holdings in Hillman Solutions Corp. $HLMN

Reinhart Partners LLC. trimmed its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,155,359 shares of the company’s stock after selling 287,803 shares during the quarter. Hillman Solutions comprises approximately 2.1% of Reinhart Partners LLC.’s holdings, making the stock its 23rd biggest position. Reinhart Partners LLC. owned about 5.69% of Hillman Solutions worth $94,151,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLMN. Kestra Advisory Services LLC bought a new stake in shares of Hillman Solutions during the 4th quarter valued at $33,000. Los Angeles Capital Management LLC bought a new stake in Hillman Solutions during the fourth quarter valued at about $37,000. Brown Brothers Harriman & Co. bought a new stake in Hillman Solutions during the third quarter valued at about $59,000. Advisory Services Network LLC bought a new stake in Hillman Solutions during the third quarter valued at about $63,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Hillman Solutions in the fourth quarter valued at about $74,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Canaccord Genuity Group lowered their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hillman Solutions has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN opened at $9.22 on Friday. The firm has a fifty day simple moving average of $8.00 and a two-hundred day simple moving average of $8.36. Hillman Solutions Corp. has a 52 week low of $6.96 and a 52 week high of $10.85. The company has a quick ratio of 0.82, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.81 billion, a P/E ratio of 41.91, a PEG ratio of 1.27 and a beta of 1.39.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. On average, analysts expect that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Hillman Solutions 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.