Hillman Solutions Corp. $HLMN Holdings Increased by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. increased its stake in Hillman Solutions Corp. by 1.7%, now holding approximately 1,730,251 shares, which is valued at about $15.2 million.
• A number of hedge funds have recently made significant investments in Hillman Solutions, with institutional ownership now at 98.11% of the stock.
• Hillman Solutions reported a quarterly revenue of $402.8 million, surpassing analysts' expectations, and achieved earnings per share of $0.17, exceeding the consensus estimate of $0.15.

Punch & Associates Investment Management Inc. grew its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,730,251 shares of the company's stock after buying an additional 29,249 shares during the quarter. Hillman Solutions comprises 1.0% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 29th biggest position. Punch & Associates Investment Management Inc. owned about 0.88% of Hillman Solutions worth $15,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLMN. KBC Group NV bought a new stake in shares of Hillman Solutions during the 1st quarter worth about $35,000. Lazard Asset Management LLC raised its position in shares of Hillman Solutions by 1,911.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock worth $63,000 after buying an additional 6,193 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hillman Solutions during the 4th quarter worth about $79,000. Blueshift Asset Management LLC bought a new stake in shares of Hillman Solutions during the 1st quarter worth about $91,000. Finally, Lindenwold Advisors INC bought a new stake in shares of Hillman Solutions during the 1st quarter worth about $93,000. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HLMN has been the topic of a number of recent analyst reports. 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. Wall Street Zen upgraded shares of Hillman Solutions from a "hold" rating to a "buy" rating in a research report on Monday, August 11th. Barclays lifted their price target on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Canaccord Genuity Group lifted their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Hillman Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $11.83.

Insider Activity

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the company's 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is owned by corporate insiders.

Hillman Solutions Stock Up 2.2%

HLMN stock opened at $10.14 on Friday. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08. The company's 50 day simple moving average is $8.81 and its 200-day simple moving average is $8.33. 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 $2.00 billion, a P/E ratio of 92.19 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 business had revenue of $402.80 million for the quarter, compared to analyst estimates of $389.45 million. The business's quarterly revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, equities 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.

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