Hillman Solutions (NASDAQ:HLMN) Shares Gap Up After Insider Buying Activity

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) gapped up prior to trading on Monday after an insider bought additional shares in the company. The stock had previously closed at $7.14, but opened at $7.39. Hillman Solutions shares last traded at $7.22, with a volume of 408,269 shares traded.

Specifically, CFO Robert O. Kraft bought 140,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the transaction, the chief financial officer now directly owns 632,752 shares of the company's stock, valued at $4,486,211.68. This trade represents a 28.41 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

HLMN has been the topic of several research reports. Raymond James set a $10.00 price objective on shares of Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Barclays lowered their price objective on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, Robert W. Baird dropped their price objective on 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 three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $11.00.

Hillman Solutions Stock Up 0.9 %

The stock has a 50-day moving average of $8.22 and a 200 day moving average of $9.64. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.53 billion, a PE ratio of 96.89 and a beta of 1.70.

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

Institutional Investors Weigh In On Hillman Solutions

Several large investors have recently modified their holdings of HLMN. Federated Hermes Inc. bought a new position in Hillman Solutions during the fourth quarter valued at $25,000. R Squared Ltd bought a new position in shares of Hillman Solutions during the 4th quarter worth $32,000. KBC Group NV bought a new position in shares of Hillman Solutions during the 1st quarter worth $35,000. Sterling Capital Management LLC increased its holdings in Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after acquiring an additional 4,572 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Hillman Solutions by 1,911.4% in the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after acquiring an additional 6,193 shares during the period. Hedge funds and other institutional investors own 98.11% of the company's stock.

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.