Diversify Advisory Services LLC purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 12,915 shares of the specialty chemicals company’s stock, valued at approximately $1,813,000.
Several other institutional investors have also made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in Hawkins during the fourth quarter worth approximately $29,000. MBM Wealth Consultants LLC acquired a new position in Hawkins in the 1st quarter valued at $33,000. Simplex Trading LLC raised its holdings in Hawkins by 246.0% in the 4th 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. Advisory Services Network LLC acquired a new position in Hawkins in the 3rd quarter valued at $79,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Hawkins during the 4th quarter valued at $93,000. 69.71% of the stock is currently owned by institutional investors.
Hawkins Stock Down 0.7%
Shares of HWKN opened at $123.92 on Thursday. The firm has a 50 day simple moving average of $141.81 and a two-hundred day simple moving average of $147.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.27 and a quick ratio of 1.54. 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 $2.59 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.57 and a beta of 0.79.
Hawkins Announces Dividend
The firm also recently disclosed 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. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, August 14th. Hawkins’s dividend payout ratio is currently 20.73%.
Analyst Ratings Changes
Several research firms have recently issued reports on HWKN. Barclays set a $142.00 target price on Hawkins and gave the stock an “equal weight” rating in a report on Friday, July 31st. BWS Financial reaffirmed a “buy” rating and issued a $200.00 price target on shares of Hawkins in a research note on Monday, August 3rd. Weiss Ratings cut shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Finally, Zacks Research downgraded shares of Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $171.00.
Get Our Latest Stock Report on Hawkins
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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