Hillman Solutions (NASDAQ:HLMN) Shares Gap Down Following Weak Earnings

Hillman Solutions Corp (NASDAQ:HLMN) gapped down before the market opened 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 analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. During the same period last year, the business posted $0.10 earnings per share.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HLMN. Barclays reduced their price target on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Benchmark raised their price objective on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird lifted their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Insider Activity

In other news, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning grew its position in Hillman Solutions by 88.4% in the 3rd quarter. Creative Planning now owns 27,610 shares of the company’s stock valued at $292,000 after buying an additional 12,957 shares in the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of Hillman Solutions in the third quarter valued at approximately $132,000. Allspring Global Investments Holdings LLC lifted its position in Hillman Solutions by 1.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock worth $75,588,000 after purchasing an additional 93,759 shares during the period. Bernzott Capital Advisors lifted its holdings in shares of Hillman Solutions by 0.8% in the third quarter. Bernzott Capital Advisors now owns 761,141 shares of the company’s stock valued at $8,038,000 after buying an additional 5,882 shares during the period. Finally, US Bancorp DE lifted its holdings in Hillman Solutions by 508.2% in the 3rd quarter. US Bancorp DE now owns 18,660 shares of the company’s stock valued at $197,000 after acquiring an additional 15,592 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The stock has a market cap of $1.88 billion, a PE ratio of 239.68 and a beta of 1.68. The stock has a 50 day moving average of $10.07 and a two-hundred day moving average of $10.25.

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.