Research Analysts Set Expectations for Hillman Solutions Corp’s Q2 2024 Earnings (NASDAQ:HLMN)

Hillman Solutions Corp (NASDAQ:HLMN) – Equities research analysts at William Blair cut their Q2 2024 earnings estimates for Hillman Solutions in a note issued to investors on Tuesday, July 9th. William Blair analyst R. Merkel now anticipates that the company will post earnings of $0.13 per share for the quarter, down from their prior forecast of $0.14. The consensus estimate for Hillman Solutions’ current full-year earnings is $0.46 per share. William Blair also issued estimates for Hillman Solutions’ Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.09 EPS and FY2024 earnings at $0.47 EPS.

A number of other equities research analysts also recently commented on the company. Robert W. Baird raised their target price on Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Stifel Nicolaus reiterated a “buy” rating and set a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Hillman Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $11.75.

Hillman Solutions Trading Up 4.8 %

NASDAQ:HLMN opened at $9.12 on Wednesday. Hillman Solutions has a 12-month low of $6.02 and a 12-month high of $10.85. The company has a current ratio of 2.49, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $9.08 and its 200-day simple moving average is $9.34. The firm has a market cap of $1.79 billion, a P/E ratio of -911.09 and a beta of 1.66.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. Hillman Solutions had a positive return on equity of 7.50% and a negative net margin of 0.13%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS.

Insider Buying and Selling

In other news, Director Aaron Jagdfeld sold 49,447 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total value of $447,000.88. Following the transaction, the director now directly owns 197,031 shares in the company, valued at approximately $1,781,160.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Hillman Solutions

A number of institutional investors have recently added to or reduced their stakes in HLMN. Harbor Capital Advisors Inc. lifted its position in shares of Hillman Solutions by 271.3% during the second quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company’s stock worth $6,168,000 after purchasing an additional 509,219 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Hillman Solutions in the 1st quarter worth approximately $195,000. Comerica Bank boosted its holdings in Hillman Solutions by 5.6% in the first quarter. Comerica Bank now owns 719,294 shares of the company’s stock worth $7,653,000 after purchasing an additional 37,834 shares during the period. Mount Yale Investment Advisors LLC raised its stake in Hillman Solutions by 115.7% during the first quarter. Mount Yale Investment Advisors LLC now owns 33,297 shares of the company’s stock worth $354,000 after acquiring an additional 17,861 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Hillman Solutions by 167.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock worth $2,660,000 after purchasing an additional 156,449 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

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.