Hillman Solutions (NASDAQ:HLMN) Posts Earnings Results, Beats Estimates By $0.02 EPS

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

Hillman Solutions Stock Performance

Shares of HLMN opened at $9.59 on Thursday. Hillman Solutions has a 52-week low of $6.02 and a 52-week high of $10.85. The stock’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $8.85. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -191.66 and a beta of 1.73.

Insider Buying and Selling at Hillman Solutions

In related news, COO Jon Michael Adinolfi sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total transaction of $1,079,100.00. Following the completion of the transaction, the chief operating officer now owns 659,889 shares of the company’s stock, valued at $6,473,511.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Hillman Solutions news, COO Jon Michael Adinolfi sold 110,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $9.81, for a total value of $1,079,100.00. Following the transaction, the chief operating officer now directly owns 659,889 shares in the company, valued at approximately $6,473,511.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the sale, the insider now directly owns 45,440 shares in the company, valued at approximately $437,587.20. The disclosure for this sale can be found here. Insiders sold 618,658 shares of company stock valued at $5,958,077 in the last quarter. 5.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About Hillman Solutions

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.