Hillman Solutions (NASDAQ:HLMN) Releases Quarterly Earnings Results, Meets Estimates

Hillman Solutions (NASDAQ:HLMN) released its earnings results on Monday. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17, Zacks reports. The firm had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock traded down $0.38 on Wednesday, reaching $9.13. The company’s stock had a trading volume of 800,691 shares, compared to its average volume of 1,542,901. The company has a market capitalization of $1.79 billion, a P/E ratio of 48.03, a PEG ratio of 1.15 and a beta of 1.39. Hillman Solutions has a 52-week low of $6.96 and a 52-week high of $10.85. The stock has a 50-day moving average price of $7.90 and a 200-day moving average price of $8.36. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in Hillman Solutions by 80.5% during the first quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock valued at $484,000 after purchasing an additional 24,581 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hillman Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock valued at $1,028,000 after acquiring an additional 5,104 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hillman Solutions by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock worth $3,463,000 after acquiring an additional 21,619 shares during the last quarter. Jane Street Group LLC raised its stake in Hillman Solutions by 334.9% in the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company’s stock valued at $2,623,000 after purchasing an additional 229,815 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Hillman Solutions by 72.0% during the 2nd quarter. Prudential Financial Inc. now owns 26,145 shares of the company’s stock worth $187,000 after purchasing an additional 10,940 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analysts Set New Price Targets

HLMN has been the subject of a number of research reports. Canaccord Genuity Group decreased their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings downgraded Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research note 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, Hillman Solutions presently has an average rating of “Hold” and an average price target of $12.25.

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.