Hillman Solutions (NASDAQ:HLMN) Issues Quarterly Earnings Results

Hillman Solutions (NASDAQ:HLMN) issued its quarterly 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 return on equity of 9.05% and a net margin of 1.48%. The firm had revenue of $457.49 million during the quarter, compared to analyst estimates of $462.10 million.

Hillman Solutions Trading Up 6.5%

HLMN traded up $0.55 during midday trading on Wednesday, reaching $8.90. 627,091 shares of the company’s stock traded hands, compared to its average volume of 1,588,150. Hillman Solutions has a 52 week low of $6.66 and a 52 week 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 fifty day moving average of $7.34 and a two-hundred day moving average of $8.13. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 68.43, a P/E/G ratio of 1.18 and a beta of 1.48.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group decreased their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. Weiss Ratings raised Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 29th. Raymond James Financial lowered Hillman Solutions from an “outperform” rating to a “hold” rating in a research note on Thursday, October 1st. Jefferies Financial Group upgraded shares of Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Finally, Barclays lifted 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 note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.67.

Insider Transactions at Hillman Solutions

In related news, insider Aaron Parker sold 17,381 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O. Kraft purchased 35,500 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average cost of $7.00 per share, with a total value of $248,500.00. Following the purchase, the chief financial officer directly owned 697,090 shares of the company’s stock, valued at $4,879,630. This trade represents a 5.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 5.30% of the company’s stock.

About Hillman Solutions

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.