Hillman Solutions (NASDAQ:HLMN) Insider Amanda Kitzberger Sells 13,750 Shares of Stock

Key Points

• Insider sale: Amanda Kitzberger sold 13,750 Hillman Solutions shares at an average price of $7.25, totaling $99,687.50 and reducing her position by 18.94%.
• Stock performance: HLMN shares fell 4.1% to $6.98, near the company’s 52-week low of $6.93 and below its 50-day and 200-day moving averages.
• Company and analyst outlook: Hillman met quarterly earnings expectations at $0.17 per share and exceeded revenue estimates with $442.25 million. Analysts’ consensus rating is “Hold,” with an average price target of $12.67.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) insider Amanda Kitzberger sold 13,750 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the completion of the sale, the insider owned 58,855 shares of the company's stock, valued at $426,698.75. The trade was a 18.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hillman Solutions Trading Down 4.1%

Shares of Hillman Solutions stock traded down $0.30 during trading on Thursday, reaching $6.98. 2,042,086 shares of the stock were exchanged, compared to its average volume of 1,513,153. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The stock's fifty day moving average is $8.16 and its 200 day moving average is $8.08. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.38. Hillman Solutions Corp. has a 1 year low of $6.93 and a 1 year high of $10.85.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. As a group, equities research analysts expect that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Hillman Solutions during the 2nd quarter valued at about $125,138,000. Reinhart Partners LLC. raised its holdings in Hillman Solutions by 8.8% in the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company's stock valued at $98,625,000 after acquiring an additional 916,986 shares in the last quarter. Bank of Montreal Can lifted its stake in Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company's stock worth $93,999,000 after acquiring an additional 10,839,127 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hillman Solutions by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company's stock worth $80,358,000 after acquiring an additional 870,216 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Hillman Solutions during the 2nd quarter worth approximately $67,324,000. Hedge funds and other institutional investors own 98.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays boosted their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Canaccord Genuity Group reduced their price objective on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Finally, Weiss Ratings raised Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hillman Solutions currently has a consensus rating of "Hold" and a consensus target price of $12.67.

About Hillman Solutions

Hillman Solutions NASDAQ: HLMN is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company's portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman's product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.

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