Hillman Solutions (NASDAQ:HLMN) Announces Earnings Results

by · The Cerbat Gem

Hillman Solutions (NASDAQ:HLMN – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01, FiscalAI reports. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The firm had revenue of $457.49 million for the quarter, compared to analysts’ expectations of $462.10 million.

Hillman Solutions Stock Up 7.6%

Hillman Solutions stock traded up $0.59 during midday trading on Monday, hitting $8.39. 2,307,181 shares of the stock were exchanged, compared to its average volume of 1,581,062. Hillman Solutions has a 1 year low of $6.66 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87. The firm has a market cap of $1.63 billion, a P/E ratio of 38.14, a P/E/G ratio of 1.09 and a beta of 1.48. The company has a 50 day moving average price of $7.34 and a two-hundred day moving average price of $8.14.

Insider Buying and Selling at Hillman Solutions

In other news, insider Amanda Kitzberger sold 13,750 shares of Hillman Solutions stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total transaction of $99,687.50. Following the sale, the insider directly owned 58,855 shares of the company’s stock, valued at approximately $426,698.75. The trade was a 18.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total value of $148,955.17. Following the sale, the insider directly owned 54,723 shares in the company, valued at approximately $468,976.11. The trade was a 24.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on HLMN. Barclays upped their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research note on Thursday, September 10th. Weiss Ratings upgraded Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Canaccord Genuity Group dropped their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. Finally, Raymond James Financial downgraded Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.67.

View Our Latest Research Report on Hillman Solutions

About Hillman Solutions

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Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.

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