Bessemer Group Inc. Buys 39,790 Shares of Hawkins, Inc. $HWKN

Bessemer Group Inc. lifted its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 42.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134,116 shares of the specialty chemicals company’s stock after acquiring an additional 39,790 shares during the quarter. Bessemer Group Inc.’s holdings in Hawkins were worth $19,057,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. SkyOak Wealth LLC boosted its position in Hawkins by 3.8% during the first quarter. SkyOak Wealth LLC now owns 2,374 shares of the specialty chemicals company’s stock worth $251,000 after purchasing an additional 88 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Hawkins by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock worth $56,000 after buying an additional 90 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Hawkins by 3.7% during the 1st quarter. Hsbc Holdings PLC now owns 2,976 shares of the specialty chemicals company’s stock worth $313,000 after buying an additional 105 shares during the period. Focus Financial Network Inc. boosted its holdings in shares of Hawkins by 5.7% during the 2nd quarter. Focus Financial Network Inc. now owns 2,199 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 119 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Hawkins by 118.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 152 shares during the period. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Down 2.6%

HWKN stock opened at $165.23 on Wednesday. Hawkins, Inc. has a twelve month low of $98.30 and a twelve month high of $186.15. The company has a market cap of $3.45 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 2.40 and a beta of 0.84. The business’s 50-day simple moving average is $171.67 and its 200 day simple moving average is $152.21. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. Hawkins had a return on equity of 18.35% and a net margin of 8.37%.The company had revenue of $293.27 million for the quarter, compared to analyst estimates of $278.76 million. On average, research analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wall Street Zen lowered Hawkins from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Zacks Research downgraded Hawkins from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. BWS Financial increased their target price on Hawkins from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Raymond James Financial began coverage on Hawkins in a research report on Thursday, July 24th. They issued a “market perform” rating for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Hawkins in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.50.

About Hawkins

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.