Hillman Solutions Corp. (NASDAQ:HLMN) Insider Aaron Jerrod Parker Sells 4,532 Shares

Key Points

• Insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions Corp.'s stock for a total of $44,685.52, reducing their ownership by 7.41% to 56,618 shares.
• Hillman recently reported earnings of $0.17 per share, beating analysts' expectations, along with a revenue of $402.80 million for the quarter, which was a 6.2% increase year-over-year.
• The company currently has a market cap of $1.90 billion, with a beta of 1.66 and a price-to-earnings ratio of 87.49.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $9.86, for a total transaction of $44,685.52. Following the transaction, the insider directly owned 56,618 shares in the company, valued at approximately $558,253.48. This trade represents a 7.41% 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 Stock Performance

Shares of HLMN traded down $0.22 during midday trading on Friday, hitting $9.75. 1,597,231 shares of the stock traded hands, compared to its average volume of 2,011,433. Hillman Solutions Corp. has a 1-year low of $6.55 and a 1-year high of $12.08. The firm has a market capitalization of $1.93 billion, a PE ratio of 88.64 and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 2.28. The business's 50 day moving average price is $7.94 and its two-hundred day moving average price is $8.35.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The business had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. The business's revenue was up 6.2% compared to the same quarter last year. Equities research analysts predict that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

A number of large investors have recently made changes to their positions in the business. Federated Hermes Inc. acquired a new position in Hillman Solutions in the fourth quarter worth approximately $25,000. KBC Group NV acquired a new position in Hillman Solutions in the first quarter worth approximately $35,000. Sterling Capital Management LLC increased its holdings in Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after buying an additional 4,572 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Hillman Solutions by 1,911.4% in the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock worth $63,000 after buying an additional 6,193 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Hillman Solutions in the fourth quarter worth approximately $79,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HLMN. Canaccord Genuity Group lifted their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Stifel Nicolaus started coverage on shares of Hillman Solutions in a research note on Monday, July 14th. They set a "buy" rating and a $9.50 price objective on the stock. Robert W. Baird dropped their price objective 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. Wall Street Zen upgraded shares of Hillman Solutions from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Barclays lifted their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.42.

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.