Hillman Solutions (NASDAQ:HLMN) Insider Amanda Kitzberger Sells 13,750 Shares of Stock

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

Hillman Solutions Trading Down 4.1%

NASDAQ:HLMN opened at $6.98 on Friday. The stock has a market cap of $1.36 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38. Hillman Solutions Corp. has a fifty-two week low of $6.93 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The stock’s 50-day moving average is $8.14 and its two-hundred day moving average is $8.07.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $442.25 million during the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. As a group, equities research analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Hillman Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Hillman Solutions during the second quarter worth about $125,138,000. Reinhart Partners LLC. boosted its position in Hillman Solutions by 8.8% during the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after acquiring an additional 916,986 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after acquiring an additional 10,839,127 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hillman Solutions by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after acquiring an additional 870,216 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Hillman Solutions in the second quarter valued at approximately $67,324,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Barclays increased their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research report on Thursday. 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.67.

Hillman Solutions Company Profile

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.