American Century Companies Inc. Acquires 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. increased its holdings in Hillman Solutions Corp. (NASDAQ:HLMN - Free Report) by 25.2% in the 1st quarter, according to its most recent 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 quarter. American Century Companies Inc. owned about 2.28% of Hillman Solutions worth $39,624,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock valued at $329,000 after purchasing an additional 1,325 shares during the period. Principal Financial Group Inc. grew its stake in shares of Hillman Solutions by 12.4% during the 1st quarter. Principal Financial Group Inc. now owns 13,482 shares of the company's stock valued at $119,000 after purchasing an additional 1,491 shares during the period. Victory Capital Management Inc. grew its stake in shares of Hillman Solutions by 2.5% during the 1st quarter. Victory Capital Management Inc. now owns 76,530 shares of the company's stock valued at $673,000 after purchasing an additional 1,872 shares during the period. MetLife Investment Management LLC grew its stake in shares of Hillman Solutions by 2.0% during the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company's stock valued at $1,163,000 after purchasing an additional 2,391 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of Hillman Solutions by 24.1% during the 1st quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company's stock valued at $116,000 after purchasing an additional 2,563 shares during the period. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Raymond James Financial set a $10.00 price target on Hillman Solutions and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays boosted their price target on Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Robert W. Baird cut their price objective on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen upgraded Hillman Solutions from a "hold" rating to a "buy" rating in a research note on Monday, August 11th. Finally, Canaccord Genuity Group boosted their price objective on Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.42.

Hillman Solutions Trading Down 0.7%

NASDAQ:HLMN traded down $0.07 during midday trading on Tuesday, hitting $9.94. 1,163,928 shares of the company traded hands, compared to its average volume of 1,981,189. The firm's fifty day moving average is $8.32 and its 200-day moving average is $8.33. Hillman Solutions Corp. has a 12-month low of $6.55 and a 12-month high of $12.08. The firm has a market capitalization of $1.96 billion, a P/E ratio of 90.37 and a beta of 1.66. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57.

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

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the transaction, the insider owned 56,618 shares of the company's stock, valued at $558,253.48. This represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.90% of the stock is owned by company insiders.

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.