Aaron Jerrod Parker Sells 4,532 Shares of Hillman Solutions Corp. (NASDAQ:HLMN) Stock

Hillman Solutions Corp. (NASDAQ:HLMN) insider Aaron Jerrod Parker sold 4,532 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the transaction, the insider owned 56,618 shares of the company’s stock, valued at $558,253.48. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hillman Solutions Stock Up 1.9%

Shares of NASDAQ HLMN opened at $9.86 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 2.28. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 89.64 and a beta of 1.66. The stock has a 50 day moving average price of $7.78 and a 200 day moving average price of $8.35. Hillman Solutions Corp. has a 52-week low of $6.55 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $402.80 million during the quarter, compared to analyst estimates of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%. The company’s revenue was up 6.2% compared to the same quarter last year. Sell-side analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HLMN. Wall Street Zen upgraded Hillman Solutions from a “hold” rating to a “buy” rating in a research report on Monday. Baird R W lowered Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Stifel Nicolaus began coverage on Hillman Solutions in a research report on Monday, July 14th. They set a “buy” rating and a $9.50 target price for the company. Barclays boosted their target price on Hillman Solutions from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Robert W. Baird dropped their target price on Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.42.

Institutional Trading of Hillman Solutions

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Hillman Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company’s stock valued at $172,067,000 after purchasing an additional 134,830 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Hillman Solutions by 0.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company’s stock worth $124,949,000 after buying an additional 64,966 shares during the period. Reinhart Partners LLC. lifted its holdings in Hillman Solutions by 16.1% during the second quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company’s stock worth $71,780,000 after buying an additional 1,393,980 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Hillman Solutions by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company’s stock worth $83,416,000 after buying an additional 613,865 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Hillman Solutions by 65.9% during the second quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock worth $53,408,000 after buying an additional 2,972,293 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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.