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

Hillman Solutions Corp (NASDAQ:HLMN) – Research analysts at William Blair lowered their Q3 2024 EPS estimates for shares of Hillman Solutions in a report released on Tuesday, May 7th. William Blair analyst R. Merkel now forecasts that the company will post earnings per share of $0.15 for the quarter, down from their previous 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.

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

Hillman Solutions Price Performance

HLMN opened at $9.58 on Wednesday. The stock has a market cap of $1.87 billion, a P/E ratio of -191.56 and a beta of 1.73. Hillman Solutions has a 12 month low of $6.02 and a 12 month high of $10.85. The company has a quick ratio of 0.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $9.92 and a 200 day simple moving average of $8.82.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $347.81 million for the quarter, compared to analysts’ expectations 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 revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, COO Jon Michael Adinolfi sold 110,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 659,889 shares of the company’s stock, valued at approximately $6,473,511.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Jon Michael Adinolfi sold 110,000 shares of Hillman Solutions stock in a transaction dated 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 transaction, the chief operating officer now owns 659,889 shares in the company, valued at $6,473,511.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Randall J. Fagundo sold 250,546 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $9.63, for a total value of $2,412,757.98. Following the transaction, the insider now directly owns 45,440 shares in the company, valued at $437,587.20. 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 owned by insiders.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank bought a new position in Hillman Solutions during the third quarter worth about $5,614,000. Cornercap Investment Counsel Inc. bought a new position in Hillman Solutions in the 4th quarter valued at about $1,211,000. State of New Jersey Common Pension Fund D raised its position in shares of Hillman Solutions by 27.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 348,539 shares of the company’s stock valued at $3,210,000 after buying an additional 74,593 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hillman Solutions by 24.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,912,749 shares of the company’s stock valued at $15,780,000 after buying an additional 371,929 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Hillman Solutions by 9.2% during the 3rd 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 during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.