Hillman Solutions Corp. $HLMN Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in shares of Hillman Solutions Corp. (NASDAQ:HLMN) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,013,954 shares of the company’s stock after selling 466,211 shares during the period. American Century Companies Inc. owned approximately 3.55% of Hillman Solutions worth $64,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in shares of Hillman Solutions in the 3rd quarter worth approximately $341,000. Hodges Capital Management Inc. raised its position in Hillman Solutions by 7.9% in the third quarter. Hodges Capital Management Inc. now owns 336,425 shares of the company’s stock valued at $3,088,000 after purchasing an additional 24,695 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Hillman Solutions by 62.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 121,629 shares of the company’s stock worth $1,117,000 after purchasing an additional 46,692 shares in the last quarter. Ballast Asset Management LP lifted its stake in Hillman Solutions by 2.2% during the third quarter. Ballast Asset Management LP now owns 434,191 shares of the company’s stock worth $3,986,000 after purchasing an additional 9,401 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in shares of Hillman Solutions by 15.5% during the third quarter. AlphaQuest LLC now owns 29,189 shares of the company’s stock worth $268,000 after buying an additional 3,912 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Hillman Solutions Stock Up 3.9%

HLMN stock opened at $8.33 on Thursday. The company’s 50 day moving average price is $9.39 and its 200 day moving average price is $9.30. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.67 and a beta of 1.67. Hillman Solutions Corp. has a fifty-two week low of $6.55 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.62 and a current ratio of 2.51.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The company had revenue of $365.14 million during the quarter, compared to the consensus estimate of $371.69 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Hillman Solutions 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.