American Century Companies Inc. Decreases Holdings in Hillman Solutions Corp. $HLMN

American Century Companies Inc. reduced its holdings in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 6.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,013,954 shares of the company’s stock after selling 466,211 shares during the quarter. American Century Companies Inc.’s holdings in Hillman Solutions were worth $64,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HLMN. CWM LLC lifted its stake in Hillman Solutions by 106.3% during the third quarter. CWM LLC now owns 3,441 shares of the company’s stock worth $32,000 after purchasing an additional 1,773 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Hillman Solutions during the 2nd quarter worth approximately $75,000. Entropy Technologies LP lifted its position in shares of Hillman Solutions by 17.8% during the 2nd quarter. Entropy Technologies LP now owns 13,100 shares of the company’s stock worth $94,000 after buying an additional 1,977 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Hillman Solutions in the 3rd quarter valued at $95,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Hillman Solutions in the 3rd quarter valued at $96,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Trading Up 3.9%

Shares of HLMN stock opened at $8.33 on Thursday. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $9.39 and its two-hundred day moving average is $9.30. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $10.85. The company has a market capitalization of $1.64 billion, a P/E ratio of 39.67 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $365.14 million for the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. Hillman Solutions’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. Equities analysts forecast that Hillman Solutions Corp. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HLMN. Canaccord Genuity Group reduced their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Benchmark cut their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Finally, Wall Street Zen cut Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Hillman Solutions currently has an average rating of “Moderate Buy” and an average price target of $11.33.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.