Rice Hall James & Associates LLC bought a new stake in Hawkins, Inc. (NASDAQ:HWKN – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 21,643 shares of the specialty chemicals company’s stock, valued at approximately $3,075,000.
Other institutional investors have also recently made changes to their positions in the company. London Co. of Virginia bought a new position in shares of Hawkins during the 1st quarter worth $26,791,000. Bank of New York Mellon Corp bought a new stake in Hawkins in the 2nd quarter valued at about $20,071,000. William Blair Investment Management LLC purchased a new stake in Hawkins during the fourth quarter valued at about $19,098,000. Wasatch Advisors LP boosted its position in Hawkins by 31.4% during the fourth quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock worth $78,477,000 after purchasing an additional 131,850 shares during the period. Finally, Invesco Ltd. boosted its position in Hawkins by 44.4% during the third quarter. Invesco Ltd. now owns 407,793 shares of the specialty chemicals company’s stock worth $74,512,000 after purchasing an additional 125,444 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.
Hawkins Price Performance
Hawkins stock opened at $131.57 on Tuesday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 2.70 and a beta of 0.79. The company has a quick ratio of 1.54, a current ratio of 2.27 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $143.02 and a 200 day simple moving average of $148.15. Hawkins, Inc. has a 52 week low of $117.98 and a 52 week high of $186.15.
Hawkins Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. Hawkins’s dividend payout ratio is presently 20.73%.
Analyst Ratings Changes
HWKN has been the topic of several research reports. Barclays set a $142.00 price target on shares of Hawkins and gave the company an “equal weight” rating in a research report on Friday, July 31st. BWS Financial reiterated a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Finally, Zacks Research cut shares of Hawkins from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $171.00.
View Our Latest Analysis on Hawkins
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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