Hillman Solutions (NASDAQ:HLMN) Announces Earnings Results

by · The Markets Daily

Hillman Solutions (NASDAQ:HLMN – Get Free Report) posted its earnings results on Monday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $462.10 million.

Hillman Solutions Price Performance

HLMN stock traded up $0.59 during mid-day trading on Monday, reaching $8.39. 2,306,182 shares of the company traded hands, compared to its average volume of 1,581,055. 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 has a 52-week low of $6.66 and a 52-week high of $10.85. The company has a market capitalization 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 fifty day moving average price of $7.34 and a 200-day moving average price of $8.14.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James Financial cut shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a research report on Thursday, October 1st. Barclays increased their target price 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 raised shares of Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Canaccord Genuity Group dropped their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Finally, Weiss Ratings upgraded shares of Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.67.

Read Our Latest Research Report on HLMN

Insider Activity at Hillman Solutions

In related news, CFO Robert Kraft acquired 35,500 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were acquired at an average cost of $7.00 per share, for a total transaction of $248,500.00. Following the completion of the transaction, the chief financial officer directly owned 697,090 shares in the company, valued at approximately $4,879,630. This trade represents a 5.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction 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 completion of the transaction, the insider directly owned 54,723 shares in the company, valued at $468,976.11. This represents 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 insiders.

About Hillman Solutions

(Get Free Report)

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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