Hillman Solutions Corp. (NASDAQ:HLMN) Insider Sells $44,685.52 in Stock

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 the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the transaction, the insider owned 56,618 shares in the company, valued at $558,253.48. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hillman Solutions Stock Performance

NASDAQ HLMN traded down $0.24 on Monday, hitting $9.60. The stock had a trading volume of 503,559 shares, compared to its average volume of 1,450,586. Hillman Solutions Corp. has a one year low of $6.55 and a one year high of $12.08. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 87.49 and a beta of 1.66. The company's 50-day moving average is $7.68 and its two-hundred day moving average is $8.34.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The company had revenue of $402.80 million during the quarter, compared to analyst estimates of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. Hillman Solutions's quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Hillman Solutions

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hillman Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock worth $172,067,000 after purchasing an additional 134,830 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Hillman Solutions by 0.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company's stock worth $124,949,000 after purchasing an additional 64,966 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of Hillman Solutions by 16.1% during the 2nd quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company's stock worth $71,780,000 after purchasing an additional 1,393,980 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in Hillman Solutions by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company's stock valued at $83,416,000 after buying an additional 613,865 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Hillman Solutions by 1.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,208,050 shares of the company's stock valued at $54,060,000 after buying an additional 96,636 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HLMN. Raymond James Financial set a $10.00 price objective on Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus assumed coverage on shares of Hillman Solutions in a research note on Monday, July 14th. They set a "buy" rating and a $9.50 target price for the company. Canaccord Genuity Group raised their price objective 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. Robert W. Baird reduced their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Barclays raised 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 report on Wednesday, August 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $11.42.

About Hillman Solutions

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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