Hillman Solutions (NASDAQ:HLMN) Releases Earnings Results, Meets Estimates

Hillman Solutions (NASDAQ:HLMN) issued its earnings results on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, hitting 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 Stock Up 5.6%

HLMN traded up $0.44 during mid-day trading on Monday, reaching $8.31. 1,683,764 shares of the 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 debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 2.95. The stock has a market capitalization of $1.63 billion, a PE ratio of 43.74, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38. The company has a 50 day moving average price of $7.84 and a two-hundred day moving average price of $8.37.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HLMN shares. Canaccord Genuity Group lowered their price objective 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. Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.25.

About Hillman Solutions

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.