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

Hillman Solutions (NASDAQ:HLMN) posted its quarterly earnings data on Monday. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17, Zacks reports. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million.

Hillman Solutions Stock Down 3.8%

Shares of NASDAQ:HLMN traded down $0.36 during trading on Wednesday, hitting $9.15. The company’s stock had a trading volume of 731,085 shares, compared to its average volume of 1,542,365. The company has a market capitalization of $1.80 billion, a PE ratio of 48.16, a P/E/G ratio of 1.15 and a beta of 1.39. The business has a 50 day moving average price of $7.90 and a two-hundred day moving average price of $8.36. Hillman Solutions has a fifty-two week low of $6.96 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 2.95.

Hedge Funds Weigh In On Hillman Solutions

Large investors have recently bought and sold shares of the company. Bank of Montreal Can grew its holdings in shares of Hillman Solutions by 71,052.9% in the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after acquiring an additional 10,839,127 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hillman Solutions by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,788,859 shares of the company’s stock valued at $76,114,000 after buying an additional 310,732 shares during the period. State Street Corp increased its holdings in Hillman Solutions by 0.7% during the 4th quarter. State Street Corp now owns 4,313,518 shares of the company’s stock worth $37,355,000 after purchasing an additional 28,735 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hillman Solutions by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,641,785 shares of the company’s stock valued at $22,878,000 after acquiring an additional 60,869 shares during the last quarter. Finally, Nuveen LLC boosted its position in Hillman Solutions by 30.0% during the 4th quarter. Nuveen LLC now owns 1,763,751 shares of the company’s stock valued at $15,274,000 after purchasing an additional 407,156 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Canaccord Genuity Group dropped their target price on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Finally, Weiss Ratings downgraded Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hillman Solutions currently has a consensus rating of “Hold” and an average target price of $12.25.

Hillman Solutions Company Profile

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.