Hillman Solutions (HLMN), mcap=$1.6bn, price $7.81 vs $8.24

Market leader across the fastening and hardware industry. Boring business, but one with a mid-to-high-teens ROIC and an incredible record of stable revenue growth through the cycle. Demand for HLMN products is tied to maintenance and repair/remodel activity – not to new housing. At 11x ’23 EBITDA trades below industry peers. Hillman came public via a SPAC over a year ago.