Hillman Solutions (NASDAQ:HLMN) Insider Sells $99,687.50 in Stock

Hillman Solutions Corp. (NASDAQ:HLMN) insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the completion of the sale, the insider owned 58,855 shares of the company’s stock, valued at $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hillman Solutions Stock Performance

HLMN opened at $6.98 on Friday. The firm has a market capitalization of $1.36 billion, a PE ratio of 31.73, a PEG ratio of 0.98 and a beta of 1.38. Hillman Solutions Corp. has a twelve month low of $6.91 and a twelve month high of $10.85. The firm’s 50-day moving average price is $8.12 and its 200 day moving average price is $8.06. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million during the quarter, compared to analysts’ expectations of $433.67 million. As a group, sell-side analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HLMN shares. Barclays increased their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a report on Thursday. Canaccord Genuity Group cut their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $12.67.

Institutional Trading of Hillman Solutions

Several institutional investors have recently made changes to their positions in HLMN. BlackRock Inc. purchased a new position in Hillman Solutions in the second quarter worth approximately $125,138,000. Reinhart Partners LLC. raised its position in Hillman Solutions by 8.8% in the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after purchasing an additional 916,986 shares during the period. Bank of Montreal Can raised its position in Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after purchasing an additional 10,839,127 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Hillman Solutions by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock valued at $80,358,000 after purchasing an additional 870,216 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Hillman Solutions in the 2nd quarter valued at $67,324,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

About Hillman Solutions

Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.

Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.