Hillman Solutions (NASDAQ:HLMN) Posts Earnings Results

Hillman Solutions (NASDAQ:HLMN) announced its earnings results on Tuesday. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02, Briefing.com reports. The business had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share.

Hillman Solutions Stock Down 0.8 %

Shares of NASDAQ HLMN traded down $0.08 during mid-day trading on Wednesday, hitting $9.50. The company had a trading volume of 40,622 shares, compared to its average volume of 916,252. The company has a market capitalization of $1.85 billion, a PE ratio of -191.56 and a beta of 1.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $10.85. The business’s 50-day simple moving average is $9.91 and its 200 day simple moving average is $8.84.

Insider Activity

In other Hillman Solutions news, Director John W. Swygert sold 7,207 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total value of $70,196.18. Following the transaction, the director now directly owns 24,999 shares in the company, valued at $243,490.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John W. Swygert sold 7,207 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total value of $70,196.18. Following the completion of the sale, the director now directly owns 24,999 shares of the company’s stock, valued at $243,490.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gary Seeds sold 163,975 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total value of $1,562,681.75. Following the completion of the sale, the executive vice president now directly owns 294,722 shares of the company’s stock, valued at $2,808,700.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 618,658 shares of company stock worth $5,958,077. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

HLMN has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group increased their price objective on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Barclays increased their price objective on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $11.54.

Hillman Solutions Company Profile

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.