William Blair Investment Management LLC Invests $19.10 Million in Hawkins, Inc. $HWKN

William Blair Investment Management LLC acquired a new position in Hawkins, Inc. (NASDAQ:HWKNFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 134,439 shares of the specialty chemicals company’s stock, valued at approximately $19,098,000. William Blair Investment Management LLC owned about 0.64% of Hawkins as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in shares of Hawkins by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,708 shares of the specialty chemicals company’s stock worth $2,322,000 after acquiring an additional 79 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Hawkins by 4.7% in the 4th quarter. Truist Financial Corp now owns 1,852 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 83 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Hawkins by 0.6% in the 4th quarter. Farther Finance Advisors LLC now owns 15,090 shares of the specialty chemicals company’s stock worth $2,144,000 after acquiring an additional 88 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Hawkins by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 3,815 shares of the specialty chemicals company’s stock worth $542,000 after acquiring an additional 112 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Hawkins by 62.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock worth $55,000 after acquiring an additional 115 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Performance

NASDAQ:HWKN opened at $153.14 on Tuesday. The company has a fifty day moving average of $154.56 and a 200 day moving average of $146.34. Hawkins, Inc. has a 52 week low of $117.98 and a 52 week high of $186.15. The company has a quick ratio of 1.46, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.20 billion, a P/E ratio of 39.17, a P/E/G ratio of 2.76 and a beta of 0.81.

Hawkins (NASDAQ:HWKNGet Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The firm had revenue of $265.91 million for the quarter, compared to the consensus estimate of $255.28 million. On average, research analysts predict that Hawkins, Inc. will post 4.27 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, May 29th. Hawkins’s dividend payout ratio is currently 19.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HWKN. Weiss Ratings upgraded shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. BWS Financial reiterated a “buy” rating and set a $200.00 price target on shares of Hawkins in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hawkins presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

View Our Latest Research Report on Hawkins

About Hawkins

(Free Report)

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.

See Also

Institutional Ownership by Quarter for Hawkins (NASDAQ:HWKN)

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