Tectonic Advisors LLC Buys Shares of 116,698 Hillman Solutions Corp. $HLMN

Key Points

• Tectonic Advisors LLC has acquired a new stake in Hillman Solutions Corp, purchasing 116,698 shares valued at approximately $833,000.
• Wall Street analysts have shown optimism for Hillman Solutions, with most recent reports upgrading its rating, particularly by Wall Street Zen to a "strong-buy" and Barclays raising its price target from $8.00 to $10.00.
• Hillman Solutions reported a year-over-year revenue growth of 6.2%, with a recent quarterly EPS of $0.17, surpassing estimates.

Tectonic Advisors LLC bought a new stake in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 116,698 shares of the company's stock, valued at approximately $833,000. Tectonic Advisors LLC owned 0.06% of Hillman Solutions as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLMN. Skylands Capital LLC raised its holdings in shares of Hillman Solutions by 156.5% in the 1st quarter. Skylands Capital LLC now owns 124,000 shares of the company's stock valued at $1,090,000 after buying an additional 75,650 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Hillman Solutions in the 1st quarter valued at $567,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Hillman Solutions by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,800 shares of the company's stock valued at $22,246,000 after buying an additional 41,690 shares during the period. Vanguard Group Inc. raised its holdings in shares of Hillman Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock valued at $172,067,000 after buying an additional 134,830 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Hillman Solutions in the 1st quarter valued at $516,000. Hedge funds and other institutional investors own 98.11% of the company's stock.

Wall Street Analysts Forecast Growth

HLMN has been the topic of several research analyst reports. Wall Street Zen upgraded Hillman Solutions from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 4th. Barclays upped their price target on 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 restated a "hold (c-)" rating on shares of Hillman Solutions in a report on Saturday, September 27th. 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 report on Wednesday, August 6th. Finally, Stifel Nicolaus upped their price target on Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.83.

Insider Buying and Selling

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 stock was sold at an average price of $9.86, for a total transaction of $44,685.52. Following the completion of the sale, the insider directly owned 56,618 shares of the company's stock, valued at $558,253.48. This represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is currently owned by corporate insiders.

Hillman Solutions Stock Down 1.9%

Shares of NASDAQ HLMN opened at $9.23 on Friday. The business has a 50-day moving average price of $9.60 and a 200 day moving average price of $8.31. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.82 billion, a PE ratio of 83.92 and a beta of 1.65. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $402.80 million during 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 firm's quarterly revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. Equities research analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share 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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