Bernzott Capital Advisors Purchases 195,666 Shares of Hillman Solutions Corp. $HLMN

Key Points

• Bernzott Capital Advisors increased its holdings in Hillman Solutions Corp. by 29.1%, acquiring 195,666 additional shares in the second quarter, bringing their total to 868,443 shares.
• Hillman Solutions reported earnings of $0.17 per share, exceeding estimates, and its revenue reached $402.8 million, reflecting a 6.2% year-over-year increase.
• Analysts have varying ratings on Hillman Solutions, with four rating it as a "Buy" and an average price target of $11.83, while Barclays recently raised their target price to $10.00.

Bernzott Capital Advisors grew its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 29.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 868,443 shares of the company's stock after buying an additional 195,666 shares during the quarter. Hillman Solutions accounts for about 3.2% of Bernzott Capital Advisors' investment portfolio, making the stock its 14th biggest position. Bernzott Capital Advisors owned 0.44% of Hillman Solutions worth $6,201,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. KBC Group NV bought a new stake in Hillman Solutions during the 1st quarter valued at about $35,000. Blueshift Asset Management LLC bought a new stake in shares of Hillman Solutions in the first quarter valued at about $91,000. Lindenwold Advisors INC purchased a new stake in Hillman Solutions in the first quarter worth about $93,000. AlphaQuest LLC bought a new stake in shares of Hillman Solutions in the 1st quarter valued at about $103,000. Finally, Stratos Wealth Partners LTD. boosted its stake 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 valued at $109,000 after purchasing an additional 2,328 shares in the last quarter. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $9.55 on Thursday. The business has a fifty day moving average of $9.60 and a 200 day moving average of $8.36. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $12.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 86.83 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $402.80 million for the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The business's revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, research analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the transaction, the insider owned 56,618 shares in the company, valued at approximately $558,253.48. This represents a 7.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.

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