Bastion Asset Management Inc. Purchases New Holdings in Hillman Solutions Corp. $HLMN

Bastion Asset Management Inc. acquired a new position in Hillman Solutions Corp. (NASDAQ:HLMN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 362,223 shares of the company’s stock, valued at approximately $2,535,000. Bastion Asset Management Inc. owned about 0.18% of Hillman Solutions at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in shares of Hillman Solutions by 17.9% in the 1st quarter. Teacher Retirement System of Texas now owns 232,302 shares of the company’s stock valued at $2,042,000 after buying an additional 35,266 shares during the period. Principal Financial Group Inc. boosted its holdings in Hillman Solutions by 12.4% in the first quarter. Principal Financial Group Inc. now owns 13,482 shares of the company’s stock valued at $119,000 after acquiring an additional 1,491 shares during the last quarter. Cerity Partners LLC bought a new position in Hillman Solutions in the first quarter valued at about $122,000. MQS Management LLC acquired a new stake in Hillman Solutions in the first quarter worth about $516,000. Finally, Victory Capital Management Inc. raised its holdings in Hillman Solutions by 2.5% during the 1st quarter. Victory Capital Management Inc. now owns 76,530 shares of the company’s stock worth $673,000 after purchasing an additional 1,872 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Barclays increased their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Canaccord Genuity Group lifted their target price 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. Wall Street Zen upgraded shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.83.

Hillman Solutions Stock Down 4.4%

Shares of NASDAQ:HLMN opened at $8.72 on Friday. Hillman Solutions Corp. has a 52 week low of $6.55 and a 52 week high of $11.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 2.28. The company has a market capitalization of $1.72 billion, a PE ratio of 79.28 and a beta of 1.65. The company has a 50 day moving average price of $9.48 and a two-hundred day moving average price of $8.49.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The company had revenue of $424.94 million for the quarter, compared to analysts’ expectations of $425.00 million. Hillman Solutions has set its FY 2025 guidance at EPS. Analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current 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.