Hillman Solutions (NASDAQ:HLMN) Announces Quarterly Earnings Results

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

Hillman Solutions Trading Up 0.1 %

Shares of HLMN stock traded up $0.01 during trading hours on Wednesday, hitting $9.59. 1,209,167 shares of the company were exchanged, compared to its average volume of 929,648. Hillman Solutions has a 1 year low of $6.02 and a 1 year high of $10.85. The firm has a fifty day moving average of $9.91 and a 200 day moving average of $8.84. The firm has a market cap of $1.87 billion, a PE ratio of -189.96 and a beta of 1.73. The company has a quick ratio of 0.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.63.

Insider Buying and Selling at Hillman Solutions

In related news, Director John W. Swygert sold 7,207 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total transaction of $70,196.18. Following the completion of the sale, the director now owns 24,999 shares of the company's stock, valued at approximately $243,490.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Hillman Solutions news, insider Randall J. Fagundo sold 250,546 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the transaction, the insider now owns 45,440 shares in the company, valued at approximately $437,587.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Swygert sold 7,207 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 618,658 shares of company stock worth $5,958,077 in the last quarter. 5.10% of the stock is owned by insiders.

Analyst Ratings Changes

HLMN has been the subject of several research reports. Canaccord Genuity Group lifted their price objective on Hillman Solutions from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Stifel Nicolaus restated a "buy" rating and issued a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. Robert W. Baird lifted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday. 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 note on Monday, February 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.54.

Hillman Solutions Company Profile

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.