Hillman Solutions Corp (NASDAQ:HLMN) Insider Scott Ride Sells 72,523 Shares of Stock

Hillman Solutions Corp (NASDAQ:HLMN) insider Scott Ride sold 72,523 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares in the company, valued at $750,133.54. This trade represents a 50.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hillman Solutions Stock Up 0.4 %

NASDAQ:HLMN opened at $10.82 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company’s fifty day moving average price is $10.56 and its 200-day moving average price is $9.75. Hillman Solutions Corp has a 1-year low of $7.05 and a 1-year high of $12.08. The firm has a market capitalization of $2.13 billion, a P/E ratio of 270.50 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. Hillman Solutions’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts anticipate that Hillman Solutions Corp will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HLMN shares. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a report on Thursday, August 8th. Barclays lifted their price target on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group increased their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird lifted their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

Hedge Funds Weigh In On Hillman Solutions

A number of large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its holdings in Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after buying an additional 2,317 shares during the last quarter. Quarry LP acquired a new stake in shares of Hillman Solutions in the third quarter worth approximately $43,000. Canada Pension Plan Investment Board acquired a new stake in shares of Hillman Solutions in the second quarter worth approximately $57,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Hillman Solutions by 103.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after purchasing an additional 4,473 shares in the last quarter. Finally, Institute for Wealth Management LLC. acquired a new position in Hillman Solutions in the 2nd quarter valued at $101,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Company Profile

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.