Geode Capital Management LLC boosted its holdings in Hawkins, Inc. (NASDAQ:HWKN – Free Report) by 2.8% in the fourth quarter, Holdings Channel reports. The firm owned 513,535 shares of the specialty chemicals company’s stock after purchasing an additional 13,828 shares during the quarter. Geode Capital Management LLC’s holdings in Hawkins were worth $72,965,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. NewEdge Wealth LLC bought a new position in Hawkins in the third quarter valued at $935,000. Principal Financial Group Inc. grew its position in shares of Hawkins by 12.7% in the 3rd quarter. Principal Financial Group Inc. now owns 113,371 shares of the specialty chemicals company’s stock valued at $20,715,000 after acquiring an additional 12,767 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Hawkins by 74.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 24,050 shares of the specialty chemicals company’s stock valued at $4,394,000 after acquiring an additional 10,279 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Hawkins by 159.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 34,554 shares of the specialty chemicals company’s stock valued at $5,020,000 after acquiring an additional 21,216 shares during the period. Finally, Ascent Group LLC bought a new position in shares of Hawkins in the 4th quarter valued at about $3,454,000. Institutional investors own 69.71% of the company’s stock.
Hawkins Stock Performance
Shares of HWKN opened at $156.26 on Tuesday. The firm has a 50-day moving average of $157.32 and a 200-day moving average of $148.34. Hawkins, Inc. has a one year low of $117.98 and a one year high of $186.15. The company has a market cap of $3.26 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 2.80 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46.
Hawkins Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is currently 19.44%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on HWKN. 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. Weiss Ratings raised shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hawkins presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.
Get Our Latest Research Report on HWKN
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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