Callan Family Office LLC Acquires New Holdings in Hillman Solutions Corp. $HLMN

Key Points

• Callan Family Office LLC has acquired 44,700 shares of Hillman Solutions Corp., valued at approximately $319,000, indicating growing institutional interest in the company.
• Hillman Solutions has received positive ratings from analysts, with Barclays increasing their price target from $8.00 to $10.00 and Canaccord Genuity raising it from $13.00 to $15.00, suggesting a favorable outlook for the stock.
• The company's latest earnings report showed a net revenue of $402.80 million, exceeding expectations and showcasing a 6.2% year-over-year increase in revenue.

Callan Family Office LLC acquired a new stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,700 shares of the company's stock, valued at approximately $319,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV bought a new position in Hillman Solutions in the first quarter worth approximately $35,000. Blueshift Asset Management LLC purchased a new position in Hillman Solutions during the first quarter valued at $91,000. Lindenwold Advisors INC purchased a new position in Hillman Solutions during the first quarter valued at $93,000. AlphaQuest LLC purchased a new position in Hillman Solutions during the first quarter valued at $103,000. Finally, Benjamin Edwards Inc. lifted its position in Hillman Solutions by 24.1% during the first quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company's stock valued at $116,000 after purchasing an additional 2,563 shares during the last quarter. Institutional investors own 98.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HLMN shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Hillman Solutions in a research report on Tuesday. Wall Street Zen upgraded shares of Hillman Solutions from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 4th. Barclays upped their price target on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Stifel Nicolaus increased their price objective on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $11.83.

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total transaction of $44,685.52. Following the transaction, the insider directly owned 56,618 shares of the company's stock, valued at $558,253.48. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is owned by company insiders.

Hillman Solutions Stock Performance

HLMN opened at $9.57 on Thursday. 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 50-day moving average price is $9.64 and its 200 day moving average price is $8.33. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $12.08. The firm has a market capitalization of $1.89 billion, a PE ratio of 87.01 and a beta of 1.65.

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

Hillman Solutions Company 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.

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