Ballast Asset Management LP Acquires 41,592 Shares of Hillman Solutions Corp. $HLMN

Ballast Asset Management LP grew its holdings in Hillman Solutions Corp. (NASDAQ:HLMN) by 10.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 424,790 shares of the company’s stock after acquiring an additional 41,592 shares during the period. Hillman Solutions accounts for approximately 1.6% of Ballast Asset Management LP’s investment portfolio, making the stock its 26th biggest holding. Ballast Asset Management LP’s holdings in Hillman Solutions were worth $3,033,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Tectonic Advisors LLC purchased a new stake in shares of Hillman Solutions in the 2nd quarter worth about $833,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Hillman Solutions by 1.7% during 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 purchasing an additional 41,690 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hillman Solutions by 0.7% during the first 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. Russell Investments Group Ltd. raised its stake in Hillman Solutions by 124.4% in the first quarter. Russell Investments Group Ltd. now owns 330,517 shares of the company’s stock worth $2,905,000 after buying an additional 183,223 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its holdings in Hillman Solutions by 1.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,730,251 shares of the company’s stock worth $15,209,000 after buying an additional 29,249 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Stock Performance

HLMN stock opened at $8.75 on Monday. The company has a market cap of $1.73 billion, a P/E ratio of 79.51 and a beta of 1.65. 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 stock’s fifty day moving average price is $9.07 and its 200-day moving average price is $8.62. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $11.55.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $424.94 million during the quarter, compared to analyst estimates 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. On average, equities analysts forecast that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HLMN shares. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 target price on shares of Hillman Solutions in a report on Monday, November 24th. Stifel Nicolaus lifted their price target on Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Wall Street Zen downgraded Hillman Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Barclays raised their price objective on 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.83.

Hillman Solutions 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.