SG Americas Securities LLC trimmed its stake in Hawkins, Inc. (NASDAQ:HWKN – Free Report) by 42.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,066 shares of the specialty chemicals company’s stock after selling 9,737 shares during the quarter. SG Americas Securities LLC’s holdings in Hawkins were worth $2,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors grew its stake in shares of Hawkins by 618.8% in the 3rd quarter. Capital World Investors now owns 355,619 shares of the specialty chemicals company’s stock valued at $64,979,000 after buying an additional 306,143 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Hawkins during the 4th quarter valued at approximately $19,098,000. Wasatch Advisors LP grew its holdings in Hawkins by 31.4% in the 4th quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock valued at $78,477,000 after buying an additional 131,850 shares during the last quarter. Invesco Ltd. increased its position in Hawkins by 44.4% in the 3rd quarter. Invesco Ltd. now owns 407,793 shares of the specialty chemicals company’s stock worth $74,512,000 after buying an additional 125,444 shares during the period. Finally, State Street Corp increased its position in Hawkins by 11.6% in the 4th quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company’s stock worth $151,642,000 after buying an additional 111,318 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.
Hawkins Stock Performance
NASDAQ HWKN opened at $138.07 on Thursday. Hawkins, Inc. has a 1-year low of $117.98 and a 1-year high of $186.15. The company has a 50 day moving average of $159.47 and a 200-day moving average of $151.23. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.56 and a beta of 0.78.
Hawkins Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, May 29th. Hawkins’s dividend payout ratio is presently 19.44%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. BWS Financial reissued a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research report on Monday, March 23rd. Barclays set a $170.00 price objective on shares of Hawkins and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Weiss Ratings raised shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hawkins presently has a consensus rating of “Hold” and an average target price of $185.00.
Read Our Latest Stock Analysis on HWKN
Hawkins Company Profile
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.
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