Hillman Solutions (NASDAQ:HLMN) Insider Aaron Jerrod Parker Sells 17,381 Shares

Hillman Solutions Corp. (NASDAQ:HLMN) insider Aaron Jerrod Parker sold 17,381 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the transaction, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $8.30 on Tuesday. The firm’s fifty day simple moving average is $8.26 and its 200-day simple moving average is $8.27. Hillman Solutions Corp. has a 12 month low of $6.96 and a 12 month high of $10.85. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.17 and a beta of 1.39. 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) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The firm had revenue of $442.25 million during the quarter, compared to analysts’ expectations of $433.67 million. As a group, equities analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently added to or reduced their stakes in HLMN. Kestra Advisory Services LLC acquired a new stake in shares of Hillman Solutions in the 4th quarter valued at approximately $33,000. Los Angeles Capital Management LLC acquired a new position in Hillman Solutions during the fourth quarter worth $37,000. Public Employees Retirement System of Ohio acquired a new position in Hillman Solutions during the second quarter worth $42,000. Brown Brothers Harriman & Co. purchased a new position in Hillman Solutions in the third quarter worth $59,000. Finally, Advisory Services Network LLC purchased a new position in Hillman Solutions in the third quarter worth $63,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HLMN. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Barclays lifted their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Canaccord Genuity Group cut their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.50.

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.