Reinhart Partners LLC. Sells 287,803 Shares of Hillman Solutions Corp. $HLMN

Reinhart Partners LLC. lowered its position in Hillman Solutions Corp. (NASDAQ:HLMN) by 2.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,155,359 shares of the company’s stock after selling 287,803 shares during the period. Hillman Solutions comprises about 2.1% of Reinhart Partners LLC.’s investment portfolio, making the stock its 23rd largest holding. Reinhart Partners LLC. owned 0.06% of Hillman Solutions worth $94,151,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after purchasing an additional 10,839,127 shares during the period. UBS Group AG boosted its position in shares of Hillman Solutions by 112.2% during the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after buying an additional 1,412,693 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hillman Solutions by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after buying an additional 870,216 shares during the period. Kennedy Capital Management LLC bought a new position in shares of Hillman Solutions during the third quarter valued at approximately $7,364,000. Finally, Congruence Capital LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter worth approximately $6,437,000. Institutional investors own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $9.22 on Friday. The company has a 50 day moving average price of $8.00 and a 200-day moving average price of $8.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 2.71. Hillman Solutions Corp. has a fifty-two week low of $6.96 and a fifty-two week high of $10.85. The company has a market capitalization of $1.81 billion, a PE ratio of 41.91, a P/E/G ratio of 1.27 and a beta of 1.39.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The business had revenue of $442.25 million during the quarter, compared to analyst estimates of $433.67 million. As a group, equities analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

About Hillman Solutions

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.