William Blair Equities Analysts Lower Earnings Estimates for Hillman Solutions Corp (NASDAQ:HLMN)

Hillman Solutions Corp (NASDAQ:HLMNGet Rating) – Stock analysts at William Blair dropped their Q2 2022 earnings per share (EPS) estimates for shares of Hillman Solutions in a research report issued to clients and investors on Wednesday, April 13th. William Blair analyst R. Merkel now expects that the company will post earnings of $0.08 per share for the quarter, down from their previous forecast of $0.09. William Blair also issued estimates for Hillman Solutions’ FY2023 earnings at $0.36 EPS and FY2024 earnings at $0.47 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Hillman Solutions from a “sell” rating to a “hold” rating in a report on Monday. Raymond James dropped their target price on shares of Hillman Solutions from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, March 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $15.79.

Shares of NASDAQ:HLMN opened at $10.72 on Friday. The company has a current ratio of 2.41, a quick ratio of 0.49 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $10.44 and a 200 day moving average of $10.44. Hillman Solutions has a 52-week low of $8.12 and a 52-week high of $13.46.

Hillman Solutions (NASDAQ:HLMNGet Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $344.49 million during the quarter, compared to the consensus estimate of $332.50 million.

A number of institutional investors and hedge funds have recently modified their holdings of the business. CHURCHILL MANAGEMENT Corp acquired a new position in Hillman Solutions during the first quarter worth about $3,530,000. BlackRock Inc. lifted its holdings in shares of Hillman Solutions by 22.4% in the fourth quarter. BlackRock Inc. now owns 1,623,162 shares of the company’s stock valued at $17,448,000 after purchasing an additional 297,090 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at about $852,000. Madison Asset Management LLC purchased a new position in shares of Hillman Solutions during the fourth quarter valued at approximately $3,115,000. Finally, Allstate Corp lifted its stake in shares of Hillman Solutions by 14.8% during the fourth quarter. Allstate Corp now owns 67,830 shares of the company’s stock valued at $729,000 after buying an additional 8,728 shares during the period. Institutional investors own 87.80% of the company’s stock.

In other news, CFO Robert O. Kraft purchased 47,500 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were acquired at an average cost of $10.35 per share, for a total transaction of $491,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Randall J. Fagundo purchased 9,400 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were purchased at an average price of $10.55 per share, for a total transaction of $99,170.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 161,186 shares of company stock worth $1,694,802.

Hillman Solutions Company Profile (Get Rating)

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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