American Century Companies Inc. Buys 2,972,293 Shares of Hillman Solutions Corp. $HLMN

American Century Companies Inc. boosted its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 65.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,480,165 shares of the company’s stock after buying an additional 2,972,293 shares during the quarter. American Century Companies Inc. owned approximately 3.79% of Hillman Solutions worth $53,408,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC bought a new stake in shares of Hillman Solutions during the first quarter valued at approximately $91,000. Lindenwold Advisors INC bought a new stake in Hillman Solutions during the 1st quarter valued at $93,000. AlphaQuest LLC bought a new stake in Hillman Solutions during the 1st quarter valued at $103,000. Entropy Technologies LP lifted its holdings in shares of Hillman Solutions by 17.8% in 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 period. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Hillman Solutions by 24.1% in the 1st quarter. Benjamin Edwards Inc. now owns 13,185 shares of the company’s stock worth $116,000 after buying an additional 2,563 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HLMN shares. Barclays raised 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. Wall Street Zen downgraded shares of Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus upped their price target on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 price objective on shares of Hillman Solutions in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.83.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $8.86 on Friday. Hillman Solutions Corp. has a fifty-two week low of $6.55 and a fifty-two week high of $11.55. The company has a market cap of $1.75 billion, a PE ratio of 80.55 and a beta of 1.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 2.28. The business has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $8.61.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $424.94 million during the quarter, compared to analyst estimates of $425.00 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Hillman Solutions 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.