Dimensional Fund Advisors LP Buys 870,216 Shares of Hillman Solutions Corp. $HLMN

Dimensional Fund Advisors LP raised its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 9.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 9,659,075 shares of the company’s stock after buying an additional 870,216 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Hillman Solutions were worth $80,358,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. UBS Group AG boosted its stake in Hillman Solutions by 112.2% in the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after acquiring an additional 1,412,693 shares during the last quarter. Congruence Capital LLC bought a new stake in shares of Hillman Solutions in the 4th quarter valued at about $6,437,000. Jennison Associates LLC bought a new position in shares of Hillman Solutions during the fourth quarter worth $950,000. Conestoga Capital Advisors LLC raised its stake in Hillman Solutions by 4.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock worth $49,487,000 after buying an additional 230,580 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in shares of Hillman Solutions by 8.8% in the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after buying an additional 916,986 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Stock Down 1.0%

HLMN stock opened at $7.90 on Friday. The business has a 50-day simple moving average of $7.83 and a 200 day simple moving average of $8.39. 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 2.95 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.55 billion, a PE ratio of 41.58, a price-to-earnings-growth ratio of 1.11 and a beta of 1.38.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly 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). Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The firm had revenue of $370.07 million for the quarter, compared to analyst estimates of $371.73 million. During the same quarter in the prior year, the business posted $0.10 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HLMN has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings cut Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Finally, Canaccord Genuity Group reduced their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hillman Solutions currently has a consensus rating of “Hold” and an average price target of $12.25.

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.