Hillman Solutions (NASDAQ:HLMN) Issues Earnings Results, Beats Expectations By $0.02 EPS

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

Hillman Solutions Trading Up 0.4 %

Shares of NASDAQ HLMN traded up $0.04 during trading on Friday, hitting $9.51. 21,963 shares of the company were exchanged, compared to its average volume of 921,529. The company has a fifty day moving average price of $9.91 and a 200-day moving average price of $8.85. Hillman Solutions has a 12-month low of $6.02 and a 12-month high of $10.85. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. The firm has a market capitalization of $1.86 billion, a PE ratio of -189.36 and a beta of 1.73.

Analysts Set New Price Targets

HLMN has been the subject of several research analyst reports. Robert W. Baird upped their target price on Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group boosted their price target on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Barclays raised their price objective on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.54.

Insider Transactions at Hillman Solutions

In related news, EVP Gary Seeds sold 163,975 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $9.53, for a total value of $1,562,681.75. Following the completion of the transaction, the executive vice president now directly owns 294,722 shares in the company, valued at $2,808,700.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 of the company’s stock, valued at $437,587.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gary Seeds sold 163,975 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the completion of the transaction, the executive vice president now directly owns 294,722 shares of the company’s stock, valued at approximately $2,808,700.66. The disclosure for this sale can be found here. Insiders sold 618,658 shares of company stock worth $5,958,077 in the last 90 days. Insiders own 5.10% of the company’s stock.

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.