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

Hillman Solutions Corp (NASDAQ:HLMN)’s share price gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. 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 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 company posted $0.10 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Benchmark lifted their target price on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. 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 boosted their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a report 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Insider Buying and Selling

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions 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 sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds have recently made changes to their positions in HLMN. Federated Hermes Inc. bought a new stake in Hillman Solutions during the fourth quarter worth about $25,000. R Squared Ltd bought a new position in shares of Hillman Solutions in the fourth quarter valued at $32,000. First Horizon Advisors Inc. increased its holdings in Hillman Solutions by 231.7% during 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 during the last quarter. Quarry LP bought a new stake in Hillman Solutions during the third quarter worth $43,000. Finally, Sterling Capital Management LLC increased its stake in shares of Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after purchasing an additional 4,572 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock 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 company has a market capitalization of $1.88 billion, a P/E ratio of 239.68 and a beta of 1.68. The stock’s fifty day moving average price is $10.07 and its 200-day moving average price 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.