American Century Companies Inc. Purchases 906,528 Shares of Hillman Solutions Corp. $HLMN

Key Points

• American Century Companies Inc. has increased its stake in Hillman Solutions Corp. by 25.2%, acquiring an additional 906,528 shares, bringing its total ownership to 4,507,872 shares valued at approximately $39.6 million.
• Multiple institutional investors have also significantly increased their positions in Hillman Solutions, with hedge funds collectively owning 98.11% of the company's stock.
• Analysts recently upgraded Hillman Solutions from a "hold" to a "buy" rating, with a consensus price target now set at $11.42, following better-than-expected quarterly earnings of $0.17 EPS against a consensus estimate of $0.15.

American Century Companies Inc. grew its position in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 25.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,507,872 shares of the company's stock after buying an additional 906,528 shares during the period. American Century Companies Inc. owned 2.28% of Hillman Solutions worth $39,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV purchased a new stake in Hillman Solutions during the first quarter valued at approximately $35,000. Sterling Capital Management LLC boosted its position in Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after buying an additional 4,572 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Hillman Solutions by 1,911.4% in the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock worth $63,000 after acquiring an additional 6,193 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Hillman Solutions during the 4th quarter worth about $79,000. Finally, Quarry LP grew its holdings in Hillman Solutions by 122.6% during the fourth quarter. Quarry LP now owns 9,023 shares of the company's stock worth $88,000 after acquiring an additional 4,970 shares during the period. Hedge funds and other institutional investors own 98.11% of the company's stock.

Insider Buying and Selling at Hillman Solutions

In related news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the sale, the insider owned 56,618 shares in the company, valued at approximately $558,253.48. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.90% of the company's stock.

Analyst Upgrades and Downgrades

HLMN has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Hillman Solutions from a "hold" rating to a "buy" rating in a research report on Monday, August 11th. Barclays increased their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Canaccord Genuity Group lifted their price target on Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Raymond James Financial set a $10.00 price objective on shares of Hillman Solutions and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus began coverage on shares of Hillman Solutions in a research note on Monday, July 14th. They set a "buy" rating and a $9.50 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Hillman Solutions has an average rating of "Moderate Buy" and a consensus price target of $11.42.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $9.68 on Thursday. The stock has a fifty day simple moving average of $8.08 and a 200-day simple moving average of $8.35. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.91 billion, a PE ratio of 88.01 and a beta of 1.66. Hillman Solutions Corp. has a twelve month low of $6.55 and a twelve month high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $402.80 million for the quarter, compared to analyst estimates of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. Equities analysts anticipate that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

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.

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