Key Points
- CFO Robert Kraft bought 35,500 Hillman Solutions shares at $7.00 each, investing $248,500 and increasing his holdings by 5.37% to 697,090 shares.
- Hillman reported quarterly revenue of $442.25 million and EPS of $0.17, meeting earnings expectations while exceeding the revenue consensus of $433.67 million.
- Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $12.67; institutional investors own 98.11% of the company.
Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) CFO Robert Kraft acquired 35,500 shares of Hillman Solutions stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $248,500.00. Following the purchase, the chief financial officer owned 697,090 shares of the company's stock, valued at $4,879,630. The trade was a 5.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Hillman Solutions Stock Performance
NASDAQ HLMN opened at $7.21 on Tuesday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 0.98 and a beta of 1.38. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. Hillman Solutions Corp. has a twelve month low of $6.91 and a twelve month high of $10.85. The stock has a fifty day simple moving average of $8.10 and a 200 day simple moving average of $8.05.
Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 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 firm had revenue of $442.25 million for the quarter, compared to the consensus estimate of $433.67 million. Sell-side analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current year.
Analysts Set New Price Targets
Several brokerages recently commented on HLMN. Jefferies Financial Group upgraded Hillman Solutions to a "strong-buy" rating in a report on Thursday, September 10th. Barclays raised their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, August 10th. Weiss Ratings raised shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Finally, Canaccord Genuity Group decreased their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.67.
View Our Latest Report on HLMN
Institutional Investors Weigh In On Hillman Solutions
Several institutional investors and hedge funds have recently made changes to their positions in HLMN. BlackRock Inc. acquired a new stake in Hillman Solutions during the second quarter worth approximately $125,138,000. Reinhart Partners LLC. lifted its stake in Hillman Solutions by 8.8% in the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company's stock valued at $98,625,000 after buying an additional 916,986 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hillman Solutions by 9.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company's stock valued at $80,358,000 after buying an additional 870,216 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $67,324,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $30,105,000. Institutional investors own 98.11% of the company's stock.
About Hillman Solutions
(
Get Free Report)
Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.
Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.
Further Reading
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