Insider Selling: Hillman Solutions (NASDAQ:HLMN) Insider Sells 17,381 Shares of Stock

Key Points

• Insider sale: Aaron Jerrod Parker sold 17,381 Hillman Solutions shares at an average price of $8.57, totaling $148,955.17. The transaction reduced his ownership by 24.11%, leaving him with 54,723 shares.
• Quarterly results: Hillman Solutions reported adjusted earnings of $0.17 per share, in line with estimates, while revenue of $442.25 million exceeded the $433.67 million consensus forecast.
• Analyst outlook: Ratings are mixed, with three buys, one hold and one sell; the overall consensus is “Hold,” with an average price target of $12.50. Institutional investors own 98.11% of the company.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) insider Aaron Jerrod Parker sold 17,381 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. The trade was a 24.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $8.36 on Monday. The company's 50 day moving average price is $8.26 and its two-hundred day moving average price is $8.28. The firm has a market capitalization of $1.63 billion, a P/E ratio of 38.00, a P/E/G ratio of 1.17 and a beta of 1.39. Hillman Solutions Corp. has a fifty-two week low of $6.96 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. On average, equities analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on HLMN shares. Barclays boosted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the stock 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 report on Tuesday, August 4th. Canaccord Genuity Group lowered their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, July 1st. Finally, Wall Street Zen downgraded shares of Hillman Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.50.

Institutional Trading of Hillman Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in HLMN. BlackRock Inc. purchased a new stake in Hillman Solutions in the 2nd quarter worth approximately $125,138,000. Bank of Montreal Can increased its holdings in shares of 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 purchasing an additional 10,839,127 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Hillman Solutions in the second quarter worth $67,324,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Hillman Solutions during the second quarter valued at $30,105,000. Finally, Punch & Associates Investment Management Inc. bought a new position in Hillman Solutions in the 2nd quarter worth about $15,874,000. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Company Profile

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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