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

Hillman Solutions Corp (NASDAQ:HLMN) insider Scott Ride sold 72,523 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 of the company’s stock, valued at $750,133.54. This represents a 50.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hillman Solutions Stock Up 0.4 %

HLMN stock opened at $10.82 on Wednesday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 270.50 and a beta of 1.65. The company has a fifty day moving average price of $10.56 and a 200 day moving average price of $9.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions Corp has a 12 month low of $7.05 and a 12 month high of $12.08.

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

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC boosted its holdings in Hillman Solutions by 3.5% during the second quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock worth $85,125,000 after buying an additional 328,740 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in Hillman Solutions by 2.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock valued at $75,363,000 after acquiring an additional 225,480 shares during the last quarter. Reinhart Partners LLC. increased its holdings in Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after acquiring an additional 503,809 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Hillman Solutions by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock valued at $75,588,000 after purchasing an additional 93,759 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Hillman Solutions by 4.8% during the 1st quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock worth $51,155,000 after purchasing an additional 218,982 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLMN has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a research report on Thursday, August 8th. Barclays boosted 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 shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird boosted 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.60.

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.