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 firm’s stock in a transaction on Monday, November 18th. The stock was 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 owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN traded down $0.04 during mid-day trading on Tuesday, hitting $10.74. 132,505 shares of the stock traded hands, compared to its average volume of 888,443. Hillman Solutions Corp has a twelve month low of $7.05 and a twelve month high of $12.08. The firm has a 50 day simple moving average of $10.54 and a two-hundred day simple moving average of $9.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company has a market cap of $2.11 billion, a PE ratio of 269.57 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. Hillman Solutions’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. As a group, equities research analysts forecast that Hillman Solutions Corp will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its stake in Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after acquiring an additional 2,317 shares in the last quarter. Quarry LP bought a new position in shares of Hillman Solutions during the third quarter valued at about $43,000. Canada Pension Plan Investment Board purchased a new position in Hillman Solutions during the second quarter worth about $57,000. Benjamin F. Edwards & Company Inc. increased its stake in Hillman Solutions by 103.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after buying an additional 4,473 shares during the last quarter. Finally, Institute for Wealth Management LLC. bought a new position in shares of Hillman Solutions during the 2nd quarter worth approximately $101,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analysts Set New Price Targets

HLMN has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a report on Thursday, August 8th. Barclays boosted their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird increased their target price on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.