Burgundy Asset Management Ltd. Increases Stock Position in Hillman Solutions Corp. $HLMN

Burgundy Asset Management Ltd. lifted its stake in Hillman Solutions Corp. (NASDAQ:HLMN) by 18.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,202,558 shares of the company’s stock after acquiring an additional 1,712,688 shares during the quarter. Burgundy Asset Management Ltd. owned 5.67% of Hillman Solutions worth $79,986,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLMN. Vanguard Group Inc. boosted its stake in shares of Hillman Solutions by 0.7% in the 1st 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 last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Hillman Solutions by 0.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company’s stock valued at $124,949,000 after acquiring an additional 64,966 shares during the period. Reinhart Partners LLC. boosted its position in Hillman Solutions by 16.1% in the second quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company’s stock worth $71,780,000 after purchasing an additional 1,393,980 shares during the last quarter. American Century Companies Inc. boosted its position in Hillman Solutions by 65.9% in the second quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock worth $53,408,000 after purchasing an additional 2,972,293 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Hillman Solutions by 1.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,208,050 shares of the company’s stock valued at $54,060,000 after purchasing an additional 96,636 shares during the period. Institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

HLMN has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a report on Tuesday, October 14th. Wall Street Zen cut Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 price objective on shares of Hillman Solutions in a research report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.83.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $8.82 on Friday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 46.42 and a beta of 1.65. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $11.38. The stock’s 50 day simple moving average is $9.03 and its two-hundred day simple moving average is $8.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.46 and a quick ratio of 0.77.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $424.94 million during the quarter, compared to the consensus estimate of $425.00 million. Hillman Solutions had a net margin of 2.44% and a return on equity of 9.71%. As a group, equities analysts anticipate that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

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.