Hillman Solutions (NASDAQ:HLMN) Insider Amanda Kitzberger Sells 11,804 Shares

Hillman Solutions Corp. (NASDAQ:HLMN) insider Amanda Kitzberger sold 11,804 shares of Hillman Solutions stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total value of $97,855.16. Following the completion of the transaction, the insider owned 72,605 shares in the company, valued at $601,895.45. The trade was a 13.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hillman Solutions Trading Down 2.4%

Shares of NASDAQ HLMN traded down $0.20 during mid-day trading on Thursday, hitting $8.10. 163,608 shares of the company traded hands, compared to its average volume of 1,677,751. The company has a quick ratio of 0.62, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. Hillman Solutions Corp. has a 1 year low of $6.55 and a 1 year high of $10.85. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 38.60 and a beta of 1.67. The business has a 50 day moving average of $9.32 and a two-hundred day moving average of $9.24.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $365.14 million for the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.Hillman Solutions’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, sell-side analysts anticipate that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Hillman Solutions

A number of hedge funds have recently made changes to their positions in HLMN. CWM LLC grew its position in Hillman Solutions by 106.3% during the third quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Hillman Solutions in the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter valued at $37,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Hillman Solutions during the 3rd quarter valued at $59,000. Finally, Advisory Services Network LLC purchased a new position in shares of Hillman Solutions during the 3rd quarter valued at $63,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLMN has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Benchmark lowered their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.33.

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.