Hillman Solutions Corp (NASDAQ:HLMN) to Post Q3 2024 Earnings of $0.15 Per Share, William Blair Forecasts

Hillman Solutions Corp (NASDAQ:HLMN) – Investment analysts at William Blair reduced their Q3 2024 earnings per share (EPS) estimates for shares of Hillman Solutions in a note issued to investors on Tuesday, May 7th. William Blair analyst R. Merkel now expects that the company will earn $0.15 per share for the quarter, down from their prior forecast 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.

Several other brokerages have also recently commented on HLMN. Barclays boosted their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a research note on Monday, April 1st. Finally, Canaccord Genuity Group boosted their price target on shares of Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Hillman Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $11.63.

Hillman Solutions Stock Down 4.3 %

Hillman Solutions stock opened at $9.58 on Wednesday. The company’s 50-day moving average price is $9.92 and its two-hundred day moving average price is $8.82. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -191.56 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 company has a current ratio of 2.46, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $347.81 million for the quarter, compared to analyst estimates of $344.98 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share.

Institutional Trading of Hillman Solutions

A number of hedge funds have recently made changes to their positions in HLMN. Anchor Capital Advisors LLC increased its stake in Hillman Solutions by 2.1% in the 1st quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company’s stock valued at $1,576,000 after buying an additional 3,037 shares during the period. SG Americas Securities LLC purchased a new position in shares of Hillman Solutions during the 1st quarter valued at $153,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Hillman Solutions during the first quarter worth $143,000. Capstone Investment Advisors LLC boosted its position in Hillman Solutions by 23.0% during the first quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company’s stock valued at $228,000 after purchasing an additional 4,004 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Hillman Solutions by 29.4% in the first quarter. Janney Montgomery Scott LLC now owns 44,170 shares of the company’s stock valued at $470,000 after purchasing an additional 10,036 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hillman Solutions

In other news, COO Jon Michael Adinolfi sold 110,000 shares of Hillman Solutions 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 of the company’s stock, valued at $6,473,511.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Jon Michael Adinolfi sold 110,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $9.81, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Randall J. Fagundo sold 250,546 shares of Hillman Solutions stock in a transaction on Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the transaction, the insider now owns 45,440 shares in the company, valued at approximately $437,587.20. The disclosure for this sale can be found here. Insiders sold 618,658 shares of company stock worth $5,958,077 in the last quarter. 5.10% of the stock is owned by company insiders.

Hillman Solutions Company Profile

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.