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

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

Hillman Solutions Price Performance

NASDAQ HLMN traded down $0.08 on Wednesday, hitting $9.50. 40,622 shares of the company’s stock were exchanged, compared to its average volume of 916,252. The stock has a 50-day moving average of $9.91 and a 200-day moving average of $8.84. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -191.56 and a beta of 1.73. Hillman Solutions has a 52 week low of $6.02 and a 52 week high of $10.85. The company has a current ratio of 2.46, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

Analyst Upgrades and Downgrades

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

Insider Activity

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

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.