Hillman Solutions (NASDAQ:HLMN) Reaches New 52-Week Low Following Insider Selling

Hillman Solutions Corp. (NASDAQ:HLMN) hit a new 52-week low during mid-day trading on Thursday following insider selling activity. The stock traded as low as $6.94 and last traded at $6.9750, with a volume of 1246355 shares changing hands. The stock had previously closed at $7.28.

Specifically, insider Amanda Kitzberger sold 13,750 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the transaction, the insider directly owned 58,855 shares in the company, valued at $426,698.75. The trade was a 18.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

HLMN has been the subject of several recent analyst reports. Jefferies Financial Group upgraded shares of Hillman Solutions to a “strong-buy” rating in a research note on Thursday. Canaccord Genuity Group lowered their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Barclays upped their price objective 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. Finally, Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Hillman Solutions Stock Performance

The business’s 50 day moving average price is $8.12 and its 200-day moving average price is $8.06. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 0.98 and a beta of 1.38.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. On average, equities analysts anticipate that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently made changes to their positions in HLMN. BlackRock Inc. bought a new position in Hillman Solutions during the 2nd quarter worth $125,138,000. Bank of Montreal Can boosted its position in shares of Hillman Solutions by 71,052.9% in the fourth quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after acquiring an additional 10,839,127 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Hillman Solutions in the second quarter valued at about $67,324,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hillman Solutions in the second quarter valued at about $30,105,000. Finally, Punch & Associates Investment Management Inc. acquired a new position in shares of Hillman Solutions in the second quarter valued at about $15,874,000. Institutional investors and hedge funds 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.