American Century Companies Inc. Sells 1,240,363 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

American Century Companies Inc. lowered its holdings in shares of Hillman Solutions Corp (NASDAQ:HLMN) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,601,344 shares of the company’s stock after selling 1,240,363 shares during the quarter. American Century Companies Inc. owned 1.83% of Hillman Solutions worth $35,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HLMN. Reinhart Partners LLC. raised its position in shares of Hillman Solutions by 1.7% during the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock valued at $74,145,000 after buying an additional 130,273 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Hillman Solutions by 2.5% during the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after buying an additional 113,692 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hillman Solutions by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company’s stock worth $24,244,000 after purchasing an additional 73,216 shares during the period. Harbor Capital Advisors Inc. increased its stake in Hillman Solutions by 1.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,637,883 shares of the company’s stock worth $15,953,000 after buying an additional 26,832 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Hillman Solutions in the 4th quarter valued at about $11,318,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HLMN has been the subject of a number of research reports. Robert W. Baird lowered their price target on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Barclays reduced their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Benchmark reissued a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Hillman Solutions Trading Down 3.7 %

NASDAQ:HLMN opened at $8.69 on Friday. The firm has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $10.23. Hillman Solutions Corp has a 12 month low of $8.43 and a 12 month high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.71 billion, a P/E ratio of 108.64 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $349.56 million during the quarter, compared to analysts’ expectations of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter in the previous year, the business earned $0.10 earnings per share. On average, equities research analysts anticipate that Hillman Solutions Corp will post 0.58 earnings per share for the current 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.