Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report)'s stock price gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $10.36, but opened at $9.61. Hillman Solutions shares last traded at $9.59, with a volume of 207,537 shares traded.
The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period in the prior year, the business posted $0.10 EPS.
Analyst Upgrades and Downgrades
HLMN has been the subject of several research analyst reports. Barclays dropped their price objective on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Robert W. Baird dropped their price target on Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday. Benchmark reaffirmed a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday. Finally, William Blair lowered Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hillman Solutions presently has an average rating of "Moderate Buy" and an average target price of $13.60.
View Our Latest Research Report on HLMN
Insider Activity
In other news, Director Philip Woodlief sold 19,779 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares of the company's stock, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Hillman Solutions
Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. bought a new stake in shares of Hillman Solutions in the 4th quarter valued at about $25,000. R Squared Ltd bought a new stake in shares of Hillman Solutions in the 4th quarter valued at about $32,000. First Horizon Advisors Inc. increased its holdings in Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock valued at $35,000 after purchasing an additional 2,317 shares during the period. Quarry LP purchased a new position in Hillman Solutions during the 3rd quarter valued at about $43,000. Finally, Sterling Capital Management LLC increased its holdings in Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after purchasing an additional 4,572 shares during the period. Institutional investors own 98.11% of the company's stock.
Hillman Solutions Stock Performance
The company has a market cap of $1.97 billion, a PE ratio of 125.27 and a beta of 1.68. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $10.00 and a 200-day moving average of $10.26.
About Hillman Solutions
(
Get Free Report)
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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