Hillman Solutions (NASDAQ:HLMN) Insider Sells $148,955.17 in Stock

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

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $8.04 on Thursday. The stock has a 50-day simple moving average of $8.27 and a two-hundred day simple moving average of $8.24. The firm has a market capitalization of $1.56 billion, a PE ratio of 36.55, a P/E/G ratio of 1.14 and a beta of 1.39. Hillman Solutions Corp. has a 52-week low of $6.96 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Monday, August 3rd. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. Analysts forecast that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

HLMN has been the subject of a number of research analyst reports. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays lifted their target price on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Finally, Canaccord Genuity Group cut 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. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of “Hold” and an average target price of $12.50.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of Hillman Solutions during the fourth quarter valued at $33,000. Los Angeles Capital Management LLC purchased a new stake in Hillman Solutions in the 4th quarter valued at about $37,000. Public Employees Retirement System of Ohio bought a new position in Hillman Solutions in the 2nd quarter worth about $42,000. Brown Brothers Harriman & Co. bought a new position in Hillman Solutions in the 3rd quarter worth about $59,000. Finally, Advisory Services Network LLC purchased a new position in shares of Hillman Solutions during the third quarter worth approximately $63,000. Institutional investors own 98.11% of the company’s stock.

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.