Hillman Solutions (NASDAQ:HLMN) CFO Robert Kraft Acquires 35,500 Shares of Stock

Key Points

• CFO Robert Kraft purchased 35,500 Hillman Solutions shares at $7.00 each, investing $248,500 and increasing his direct ownership by 5.37% to 697,090 shares.
• Hillman reported quarterly earnings of $0.17 per share, in line with estimates, while revenue of $442.25 million exceeded expectations of $433.67 million.
• Analysts give the stock a “Moderate Buy” consensus rating with a $12.67 average price target, while institutional investors own 98.11% of outstanding shares.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) CFO Robert Kraft acquired 35,500 shares of the business's stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $7.00 per share, for a total transaction of $248,500.00. Following the transaction, the chief financial officer directly owned 697,090 shares in the company, valued at approximately $4,879,630. This represents a 5.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $6.98 on Monday. The company has a market cap of $1.36 billion, a P/E ratio of 31.73, a PEG ratio of 0.98 and a beta of 1.38. The company has a fifty day simple moving average of $8.12 and a 200 day simple moving average of $8.06. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. Hillman Solutions Corp. has a 12-month low of $6.91 and a 12-month high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, meeting analysts' consensus estimates of $0.17. The firm had revenue of $442.25 million for 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%. Sell-side analysts predict that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays increased their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Canaccord Genuity Group lowered their target price 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. Finally, Jefferies Financial Group upgraded shares of Hillman Solutions to a "strong-buy" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.67.

Institutional Investors Weigh In On Hillman Solutions

Large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its position in Hillman Solutions by 46.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,094,327 shares of the company's stock worth $9,105,000 after acquiring an additional 344,995 shares during the period. Anchor Capital Management Company LLC grew its position in shares of Hillman Solutions by 33.1% during the 1st quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company's stock valued at $21,095,000 after acquiring an additional 630,000 shares during the period. Walleye Capital LLC bought a new position in shares of Hillman Solutions during the 2nd quarter valued at approximately $1,421,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Hillman Solutions during the 2nd quarter worth approximately $30,105,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of Hillman Solutions during the 2nd quarter worth approximately $6,752,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

About Hillman Solutions

Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.

Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.

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