Amanda Kitzberger Sells 11,804 Shares of Hillman Solutions (NASDAQ:HLMN) Stock

Hillman Solutions Corp. (NASDAQ:HLMN) insider Amanda Kitzberger sold 11,804 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the sale, the insider owned 72,605 shares of the company’s stock, valued at approximately $601,895.45. This trade represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hillman Solutions Price Performance

NASDAQ HLMN opened at $8.05 on Friday. The firm’s fifty day simple moving average is $9.29 and its two-hundred day simple moving average is $9.22. The firm has a market capitalization of $1.58 billion, a P/E ratio of 38.34 and a beta of 1.67. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $365.14 million during the quarter, compared to analyst estimates of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. Analysts forecast that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

Several large investors have recently added to or reduced their stakes in the company. Reinhart Partners LLC. increased its holdings in shares of 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. Burgundy Asset Management Ltd. lifted its holdings in shares of Hillman Solutions by 18.0% during the second quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock worth $79,986,000 after purchasing an additional 1,712,688 shares during the period. Bank of Montreal Can boosted 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 buying an additional 10,839,127 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hillman Solutions by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,788,859 shares of the company’s stock valued at $76,114,000 after buying an additional 310,732 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Hillman Solutions by 65.9% in the 2nd quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock worth $53,408,000 after buying an additional 2,972,293 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HLMN. Canaccord Genuity Group decreased their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Benchmark cut their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hillman Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $11.33.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.