Wasatch Advisors LP reduced its position in Hawkins, Inc. (NASDAQ:HWKN – Free Report) by 17.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 389,515 shares of the specialty chemicals company’s stock after selling 80,157 shares during the quarter. Wasatch Advisors LP’s holdings in Hawkins were worth $55,350,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of Hawkins during the 4th quarter valued at $29,000. MBM Wealth Consultants LLC purchased a new position in Hawkins during the 1st quarter worth $33,000. Sound Income Strategies LLC acquired a new position in Hawkins during the 4th quarter valued at about $34,000. Simplex Trading LLC increased its position in Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Hawkins in the third quarter worth about $79,000. 69.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Barclays set a $142.00 price objective on shares of Hawkins and gave the company an “equal weight” rating in a report on Friday, July 31st. Zacks Research lowered shares of Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Weiss Ratings cut shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Finally, BWS Financial reiterated a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $171.00.
Hawkins Price Performance
Shares of NASDAQ HWKN opened at $129.66 on Wednesday. The business’s 50 day moving average price is $144.99 and its 200 day moving average price is $148.84. The firm has a market cap of $2.71 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.69 and a beta of 0.79. 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 1.54, a current ratio of 2.27 and a debt-to-equity ratio of 0.45.
Hawkins (NASDAQ:HWKN – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). Hawkins had a return on equity of 15.42% and a net margin of 7.29%.The business had revenue of $315.68 million for the quarter, compared to analysts’ expectations of $313.42 million. On average, sell-side analysts expect that Hawkins, Inc. will post 4.04 earnings per share for the current year.
Hawkins Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 14th. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. Hawkins’s payout ratio is currently 19.69%.
Hawkins 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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