Van Hulzen Asset Management LLC bought a new position in Hawkins, Inc. (NASDAQ:HWKN – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 4,968 shares of the specialty chemicals company’s stock, valued at approximately $706,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Hawkins in the 4th quarter worth about $29,000. MBM Wealth Consultants LLC acquired a new position in Hawkins in the first quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. bought a new position in Hawkins during the second quarter valued at approximately $37,000. Simplex Trading LLC raised its position in Hawkins by 246.0% during the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Hawkins in the third quarter valued at approximately $79,000. 69.71% of the stock is owned by institutional investors.
Hawkins Stock Down 1.0%
Shares of Hawkins stock opened at $117.75 on Tuesday. Hawkins, Inc. has a 12-month low of $116.89 and a 12-month 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. The stock has a 50 day moving average price of $139.45 and a two-hundred day moving average price of $147.66. The stock has a market capitalization of $2.46 billion, a P/E ratio of 30.51, a PEG ratio of 2.45 and a beta of 0.79.
Hawkins Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, August 14th. Hawkins’s dividend payout ratio (DPR) is 20.73%.
Analyst Upgrades and Downgrades
HWKN has been the subject of several recent research reports. Zacks Research downgraded shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. BWS Financial reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research note on Monday, August 3rd. Finally, Barclays set a $142.00 price objective on shares of Hawkins and gave the stock an “equal weight” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hawkins currently has a consensus rating of “Hold” and an average price target 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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