Hillman Solutions Corp. (NASDAQ:HLMN – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday following insider selling activity. The company traded as low as $6.94 and last traded at $6.9750, with a volume of 1246355 shares trading hands. The stock had previously closed at $7.28.
Specifically, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the sale, the insider owned 58,855 shares of the company’s stock, valued at $426,698.75. This trade represents a 18.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on HLMN. 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. Jefferies Financial Group upgraded shares of Hillman Solutions to a “strong-buy” rating in a research note on Thursday. Canaccord Genuity Group cut their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Finally, Barclays boosted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.67.
Hillman Solutions Price Performance
The firm’s fifty day moving average is $8.12 and its two-hundred day moving average is $8.06. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 0.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.
Hillman Solutions (NASDAQ:HLMN – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The firm 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%. On average, sell-side analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.
Institutional Trading of Hillman Solutions
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Hillman Solutions in the 2nd quarter worth approximately $25,000. Kestra Advisory Services LLC bought a new position in shares of Hillman Solutions in the fourth quarter valued at $33,000. Los Angeles Capital Management LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter valued at $37,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Hillman Solutions during the 2nd quarter valued at $42,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Hillman Solutions during the 3rd quarter worth $59,000. Institutional investors own 98.11% of the company’s stock.
About Hillman Solutions
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.
Recommended Stories
- Five stocks we like better than Hillman Solutions
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
- American Eagle Goes on Sale: Is It Time to Buy?
- MarketBeat Week in Review – 09/07 – 09/11
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
Receive News & Ratings for Hillman Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillman Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
