Insider Buying: Hillman Solutions Corp (NASDAQ:HLMN) CFO Purchases 140,000 Shares of Stock

Hillman Solutions Corp (NASDAQ:HLMN) CFO Robert O. Kraft bought 140,000 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the purchase, the chief financial officer now owns 632,752 shares of the company’s stock, valued at approximately $4,486,211.68. The trade was a 28.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Hillman Solutions Stock Down 2.8 %

Hillman Solutions stock opened at $7.17 on Wednesday. The firm’s 50 day moving average price is $8.33 and its two-hundred day moving average price is $9.70. The firm has a market cap of $1.41 billion, a PE ratio of 89.64 and a beta of 1.70. Hillman Solutions Corp has a twelve month low of $6.64 and a twelve month high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business had revenue of $359.34 million during the quarter, compared to analyst estimates of $358.14 million. During the same period last year, the company earned $0.10 earnings per share. Hillman Solutions’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

A number of hedge funds have recently added to or reduced their stakes in HLMN. JPMorgan Chase & Co. grew its position in Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock worth $89,199,000 after acquiring an additional 509,016 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Hillman Solutions by 1.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock worth $86,452,000 after purchasing an additional 160,505 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in Hillman Solutions by 13.8% in the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company’s stock worth $76,115,000 after purchasing an additional 1,046,765 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Hillman Solutions by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company’s stock worth $63,007,000 after buying an additional 67,389 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Hillman Solutions by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock valued at $62,521,000 after buying an additional 605,049 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HLMN shares. Barclays cut their price objective on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Baird R W cut Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Benchmark reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Raymond James set a $10.00 price target on shares of Hillman Solutions and gave the company an “outperform” rating in a report on Wednesday, April 30th. Finally, Robert W. Baird decreased their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Hillman Solutions currently has an average rating of “Hold” and a consensus target price of $11.00.

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.