Hillman Solutions Corp (NASDAQ:HLMN) CFO Buys $992,600.00 in Stock

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) CFO Robert O. Kraft bought 140,000 shares of Hillman Solutions stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the completion of the transaction, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This represents a 28.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Hillman Solutions Trading Up 5.0 %

Shares of HLMN traded up $0.36 during mid-day trading on Monday, hitting $7.50. The company had a trading volume of 1,936,436 shares, compared to its average volume of 1,027,304. Hillman Solutions Corp has a 1-year low of $6.64 and a 1-year high of $12.08. The business's 50-day simple moving average is $8.44 and its 200-day simple moving average is $9.74. The stock has a market cap of $1.48 billion, a PE ratio of 93.57 and a beta of 1.67. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $359.34 million for the quarter, compared to analyst estimates of $358.14 million. During the same period in the previous year, the company posted $0.10 EPS. Hillman Solutions's revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

HLMN has been the topic of a number of research analyst reports. Barclays dropped their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Benchmark reiterated a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Robert W. Baird dropped their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of "Hold" and an average price target of $11.25.

Institutional Trading of Hillman Solutions

Several hedge funds have recently added to or reduced their stakes in HLMN. Bernzott Capital Advisors raised its position in shares of Hillman Solutions by 3.9% during the first quarter. Bernzott Capital Advisors now owns 672,777 shares of the company's stock worth $5,914,000 after purchasing an additional 24,991 shares during the period. Victory Capital Management Inc. increased its stake in shares of Hillman Solutions by 2.5% during the 1st quarter. Victory Capital Management Inc. now owns 76,530 shares of the company's stock worth $673,000 after purchasing an additional 1,872 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Hillman Solutions in the first quarter worth $516,000. Cerity Partners LLC bought a new stake in Hillman Solutions during the first quarter valued at about $122,000. Finally, Principal Financial Group Inc. increased its position in Hillman Solutions by 12.4% in the 1st quarter. Principal Financial Group Inc. now owns 13,482 shares of the company's stock worth $119,000 after buying an additional 1,491 shares during the period. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Company 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.

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