Hillman Solutions (NASDAQ:HLMN) Issues Quarterly Earnings Results, Hits Estimates

Hillman Solutions (NASDAQ:HLMN) announced its quarterly earnings data on Monday. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17, Zacks reports. Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.

Hillman Solutions Trading Up 5.6%

HLMN stock traded up $0.44 during midday trading on Monday, hitting $8.31. 1,683,764 shares of the company’s stock were exchanged, compared to its average volume of 1,524,995. Hillman Solutions has a 1-year low of $6.96 and a 1-year high of $10.85. The company has a current ratio of 2.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.63 billion, a PE ratio of 43.74, a P/E/G ratio of 1.09 and a beta of 1.38. The business has a 50-day simple moving average of $7.84 and a two-hundred day simple moving average of $8.37.

Institutional Trading of Hillman Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in Hillman Solutions in the 4th quarter valued at about $33,000. Los Angeles Capital Management LLC purchased a new position in Hillman Solutions during the fourth quarter worth about $37,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Hillman Solutions during the third quarter valued at about $59,000. Advisory Services Network LLC acquired a new stake in shares of Hillman Solutions during the third quarter valued at about $63,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Hillman Solutions in the 4th quarter valued at approximately $74,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Canaccord Genuity Group cut their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. 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 analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hillman Solutions presently has an average rating of “Hold” and an average price target 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.