Hillman Solutions (NASDAQ:HLMN) Announces Earnings Results

Key Points

• Hillman Solutions reported earnings per share (EPS) of $0.17 for the quarter, exceeding analysts' expectations of $0.15, with a revenue of $402.80 million, surpassing the forecast of $389.45 million.
• The company's stock increased by $1.50 to reach $9.63, with analysts currently offering a consensus "Hold" rating and an average price target of $10.75.
• Institutional investors own 98.11% of Hillman Solutions' stock, with notable increases in holdings from firms like Jane Street Group and AQR Capital Management in the first quarter.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02, Zacks reports. The firm had revenue of $402.80 million for the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. Hillman Solutions's quarterly revenue was up 6.2% compared to the same quarter last year. Hillman Solutions updated its FY 2025 guidance to EPS.

Hillman Solutions Stock Performance

Hillman Solutions stock traded up $1.50 during midday trading on Tuesday, reaching $9.63. The stock had a trading volume of 3,085,035 shares, compared to its average volume of 1,424,701. Hillman Solutions has a 12 month low of $6.55 and a 12 month high of $12.08. The firm's 50-day moving average price is $7.48 and its 200 day moving average price is $8.35. The firm has a market capitalization of $1.90 billion, a PE ratio of 106.73 and a beta of 1.66. The company has a quick ratio of 0.79, a current ratio of 2.46 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HLMN shares. Robert W. Baird cut their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Raymond James Financial set a $10.00 price target on shares of Hillman Solutions and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Barclays cut their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Stifel Nicolaus started coverage on shares of Hillman Solutions in a report on Monday, July 14th. They issued a "buy" rating and a $9.50 price target on the stock. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $10.75.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in Hillman Solutions by 334.9% in the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company's stock valued at $2,623,000 after acquiring an additional 229,815 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Hillman Solutions by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company's stock valued at $3,463,000 after buying an additional 21,619 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hillman Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company's stock valued at $1,028,000 after buying an additional 5,104 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Hillman Solutions by 80.5% during the first quarter. AQR Capital Management LLC now owns 55,109 shares of the company's stock valued at $484,000 after buying an additional 24,581 shares during the period. 98.11% of the stock is currently owned by institutional investors.

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.

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