Bastion Asset Management Inc. Makes New Investment in Hillman Solutions Corp. $HLMN

Bastion Asset Management Inc. purchased a new stake in Hillman Solutions Corp. (NASDAQ:HLMN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 362,223 shares of the company’s stock, valued at approximately $2,535,000.

Several other large investors also recently made changes to their positions in the stock. Blueshift Asset Management LLC bought a new position in Hillman Solutions during the 1st quarter worth about $91,000. Lindenwold Advisors INC acquired a new position in shares of Hillman Solutions during the first quarter worth about $93,000. AlphaQuest LLC acquired a new position in shares of Hillman Solutions during the first quarter worth about $103,000. Stratos Wealth Partners LTD. grew its holdings in shares of Hillman Solutions by 18.1% during the second quarter. Stratos Wealth Partners LTD. now owns 15,206 shares of the company’s stock worth $109,000 after buying an additional 2,328 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in Hillman Solutions by 24.1% in the 1st quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company’s stock valued at $116,000 after buying an additional 2,563 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HLMN. Canaccord Genuity Group upped their price target on Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Barclays increased their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research report on Tuesday, October 14th. Stifel Nicolaus boosted their price target on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Wall Street Zen upgraded shares of Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.83.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $8.72 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 79.28 and a beta of 1.65. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The firm’s fifty day moving average price is $9.48 and its two-hundred day moving average price is $8.49. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $11.64.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company 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 1.44% and a return on equity of 8.86%. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current year.

About Hillman Solutions

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.