Hillman Solutions (NASDAQ:HLMN) Shares Gap Down After Earnings Miss

Shares of Hillman Solutions Corp (NASDAQ:HLMN) gapped down before the market opened on Tuesday following a weaker than expected 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 changing hands.

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 quarter in the prior year, the firm earned $0.10 earnings per share.

Wall Street Analyst Weigh In

HLMN has been the subject of several recent analyst reports. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Barclays cut 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 report on Thursday, January 16th. Benchmark lifted their target price on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Robert W. Baird raised their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hillman Solutions presently has an average rating of “Moderate Buy” and an average price target of $14.00.

Insider Buying and Selling

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction dated Friday, December 6th. The shares were 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 owns 55,811 shares in the company, valued at $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by insiders.

Institutional Trading of Hillman Solutions

Institutional investors have recently modified their holdings of the business. Federated Hermes Inc. purchased a new position in Hillman Solutions in the 4th quarter valued at approximately $25,000. R Squared Ltd purchased a new position in shares of Hillman Solutions in the fourth quarter valued at $32,000. First Horizon Advisors Inc. lifted its holdings in shares of Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after buying an additional 2,317 shares in the last quarter. Quarry LP purchased a new position in shares of Hillman Solutions during the 3rd quarter valued at $43,000. Finally, Sterling Capital Management LLC increased its stake in Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after acquiring an additional 4,572 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Trading Down 2.1 %

The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.99 billion, a P/E ratio of 253.56 and a beta of 1.68. The firm’s 50-day simple moving average is $10.05 and its 200-day simple moving average is $10.25.

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.