Q3 2024 EPS Estimates for Hillman Solutions Corp (NASDAQ:HLMN) Reduced by Analyst

Hillman Solutions Corp (NASDAQ:HLMN) – Analysts at William Blair lowered their Q3 2024 EPS estimates for shares of Hillman Solutions in a research report issued to clients and investors on Tuesday, May 7th. William Blair analyst R. Merkel now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their prior estimate of $0.16. The consensus estimate for Hillman Solutions’ current full-year earnings is $0.49 per share. William Blair also issued estimates for Hillman Solutions’ FY2024 earnings at $0.50 EPS.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The firm had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $354.47 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year.

Several other analysts have also issued reports on HLMN. Barclays boosted their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Robert W. Baird boosted their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $16.00 price target (up from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. Finally, Canaccord Genuity Group boosted their price objective on Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hillman Solutions has an average rating of “Moderate Buy” and an average price target of $11.54.

Hillman Solutions Trading Up 0.1 %

Shares of Hillman Solutions stock opened at $9.59 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. The stock has a market capitalization of $1.87 billion, a P/E ratio of -189.96 and a beta of 1.73. Hillman Solutions has a 52-week low of $6.02 and a 52-week high of $10.85. The stock’s 50-day simple moving average is $9.91 and its 200 day simple moving average is $8.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLMN. Comerica Bank bought a new stake in Hillman Solutions during the third quarter worth about $5,614,000. Cornercap Investment Counsel Inc. bought a new stake in Hillman Solutions in the 4th quarter worth approximately $1,211,000. State of New Jersey Common Pension Fund D boosted its stake in Hillman Solutions by 27.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 348,539 shares of the company’s stock worth $3,210,000 after buying an additional 74,593 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Hillman Solutions by 24.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,912,749 shares of the company’s stock valued at $15,780,000 after acquiring an additional 371,929 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Hillman Solutions by 9.2% during the third quarter. Vanguard Group Inc. now owns 19,156,902 shares of the company’s stock worth $158,044,000 after acquiring an additional 1,613,190 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hillman Solutions

In related news, COO Jon Michael Adinolfi sold 110,000 shares of Hillman Solutions stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $9.81, for a total transaction of $1,079,100.00. Following the completion of the sale, the chief operating officer now owns 659,889 shares of the company’s stock, valued at $6,473,511.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Jon Michael Adinolfi sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total value of $1,079,100.00. Following the transaction, the chief operating officer now directly owns 659,889 shares in the company, valued at $6,473,511.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John W. Swygert sold 7,207 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total transaction of $70,196.18. Following the completion of the sale, the director now directly owns 24,999 shares in the company, valued at $243,490.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 618,658 shares of company stock valued at $5,958,077. 5.10% of the stock is currently owned by company insiders.

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.