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

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) insider Scott Ride sold 72,523 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares of the company's stock, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hillman Solutions Price Performance

HLMN traded up $0.04 during midday trading on Tuesday, hitting $10.82. 855,604 shares of the company traded hands, compared to its average volume of 891,671. The business has a 50 day simple moving average of $10.56 and a two-hundred day simple moving average of $9.75. Hillman Solutions Corp has a 52-week low of $7.05 and a 52-week high of $12.08. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 270.57 and a beta of 1.65. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million during the quarter, compared to analysts' expectations of $389.50 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts forecast that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

Several large investors have recently modified their holdings of the business. First Horizon Advisors Inc. raised 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 valued at $35,000 after buying an additional 2,317 shares during the period. ProShare Advisors LLC raised its stake in shares of Hillman Solutions by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company's stock valued at $373,000 after acquiring an additional 2,762 shares during the period. Rhumbline Advisers lifted its holdings in shares of Hillman Solutions by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 309,419 shares of the company's stock worth $2,738,000 after acquiring an additional 3,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hillman Solutions by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company's stock worth $382,000 after purchasing an additional 3,299 shares during the period. Finally, Quarry LP purchased a new position in shares of Hillman Solutions during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 98.11% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Benchmark reiterated a "buy" rating and set a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. Canaccord Genuity Group upped their target price 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, Barclays lifted their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $13.60.

About Hillman Solutions

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.