Key Points
- Insider sale: Amanda Kitzberger sold 13,750 Hillman Solutions shares at an average price of $7.25, totaling $99,687.50. Her remaining ownership fell 18.94% to 58,855 shares.
- Financial performance: Hillman reported quarterly EPS of $0.17, matching estimates, while revenue of $442.25 million exceeded analyst expectations of $433.67 million.
- Analyst outlook: The stock has a “Moderate Buy” consensus rating and a $12.67 average price target, despite mixed analyst actions. Institutional investors own approximately 98.11% of the shares.
Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total transaction of $99,687.50. Following the transaction, the insider owned 58,855 shares of the company's stock, valued at approximately $426,698.75. This represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hillman Solutions Price Performance
Shares of NASDAQ HLMN opened at $6.98 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The business has a 50-day moving average of $8.14 and a 200-day moving average of $8.07. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.02 and a beta of 1.38. Hillman Solutions Corp. has a fifty-two week low of $6.93 and a fifty-two week high of $10.85.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The business had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. As a group, sell-side analysts predict that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.
Analysts Set New Price Targets
HLMN has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Hillman Solutions to a "strong-buy" rating in a report on Thursday. Weiss Ratings raised shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Barclays lifted their price target 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 lowered their price target on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hillman Solutions has an average rating of "Moderate Buy" and a consensus price target of $12.67.
Read Our Latest Stock Analysis on HLMN
Institutional Trading of Hillman Solutions
Hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Hillman Solutions in the second quarter valued at approximately $25,000. Kestra Advisory Services LLC acquired a new position in Hillman Solutions in the fourth quarter valued at approximately $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Hillman Solutions in the 4th quarter valued at $37,000. Public Employees Retirement System of Ohio acquired a new position in shares of Hillman Solutions during the 2nd quarter valued at $42,000. Finally, Brown Brothers Harriman & Co. bought a new position in Hillman Solutions during the third quarter worth $59,000. 98.11% of the stock is currently owned by institutional investors.
About Hillman Solutions
(
Get Free Report)
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.
Further Reading
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