Vaughan Nelson Investment Management L.P. lessened its stake in Hawkins, Inc. (NASDAQ:HWKN – Free Report) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,349 shares of the specialty chemicals company’s stock after selling 68,078 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.51% of Hawkins worth $48,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Hawkins by 9.0% in the 1st quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock valued at $1,306,000 after purchasing an additional 1,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hawkins by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,499 shares of the specialty chemicals company’s stock worth $1,218,000 after buying an additional 494 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hawkins by 9.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,778 shares of the specialty chemicals company’s stock valued at $5,590,000 after buying an additional 4,400 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Hawkins by 83.2% in the first quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock valued at $4,069,000 after acquiring an additional 17,447 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Hawkins by 50.3% in the second quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock valued at $40,122,000 after acquiring an additional 94,503 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.
Wall Street Analyst Weigh In
HWKN has been the topic of a number of analyst reports. BWS Financial reiterated a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research report on Monday, March 23rd. Weiss Ratings lowered Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $200.00.
Hawkins Price Performance
Shares of HWKN stock opened at $162.10 on Monday. The firm has a market cap of $3.38 billion, a P/E ratio of 41.46, a P/E/G ratio of 2.91 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, Inc. has a 1-year low of $117.98 and a 1-year high of $186.15. The firm has a fifty day moving average of $158.65 and a two-hundred day moving average of $150.28.
Hawkins (NASDAQ:HWKN – Get Free Report) last issued its earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The company had revenue of $265.91 million during the quarter, compared to analyst estimates of $255.28 million. Hawkins had a net margin of 7.53% and a return on equity of 16.08%. As a group, research analysts anticipate that Hawkins, Inc. will post 4.27 earnings per share for the current fiscal year.
Hawkins Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is currently 19.44%.
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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