Hillman Solutions (NASDAQ:HLMN) Posts Earnings Results, Hits Expectations

Hillman Solutions (NASDAQ:HLMN) issued its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10, FiscalAI reports. Hillman Solutions had a net margin of 2.44% and a return on equity of 9.71%.

Hillman Solutions Stock Performance

Shares of Hillman Solutions stock opened at $10.06 on Tuesday. Hillman Solutions has a 52 week low of $6.55 and a 52 week high of $10.85. The company has a quick ratio of 0.77, a current ratio of 2.46 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $9.51 and a 200-day moving average price of $9.38. The company has a market cap of $1.98 billion, a PE ratio of 52.95 and a beta of 1.65.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in Hillman Solutions during the 4th quarter valued at $33,000. Los Angeles Capital Management LLC purchased a new position in shares of Hillman Solutions in the fourth quarter worth about $37,000. Brown Brothers Harriman & Co. purchased a new position in shares of Hillman Solutions in the third quarter worth $59,000. Advisory Services Network LLC bought a new stake in Hillman Solutions in the 3rd quarter worth $63,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Hillman Solutions in the fourth quarter worth about $74,000. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HLMN has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 price objective on shares of Hillman Solutions in a research note on Monday, November 24th. Finally, Wall Street Zen raised Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.83.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.