Natixis Advisors LLC Has $12.35 Million Stake in Hawkins, Inc. $HWKN

Natixis Advisors LLC cut its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 18.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,598 shares of the specialty chemicals company’s stock after selling 15,582 shares during the quarter. Natixis Advisors LLC owned about 0.32% of Hawkins worth $12,351,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Neuberger Berman Group LLC lifted its holdings in Hawkins by 36.1% in the third quarter. Neuberger Berman Group LLC now owns 44,013 shares of the specialty chemicals company’s stock valued at $8,042,000 after buying an additional 11,684 shares during the period. Teton Advisors LLC acquired a new stake in Hawkins during the 3rd quarter worth about $822,000. Aptus Capital Advisors LLC raised its position in shares of Hawkins by 15.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 105,040 shares of the specialty chemicals company’s stock worth $19,193,000 after acquiring an additional 13,845 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Hawkins by 2.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 115,245 shares of the specialty chemicals company’s stock worth $21,058,000 after acquiring an additional 2,814 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of Hawkins by 62.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 115 shares during the period. Institutional investors own 69.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director James A. Faulconbridge acquired 1,500 shares of Hawkins stock in a transaction on Wednesday, February 4th. The stock was acquired at an average cost of $129.29 per share, with a total value of $193,935.00. Following the transaction, the director owned 50,907 shares of the company’s stock, valued at approximately $6,581,766.03. This trade represents a 3.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

HWKN has been the topic of several research analyst reports. Zacks Research upgraded Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. BWS Financial reissued a “buy” rating and issued a $200.00 price target on shares of Hawkins in a research note on Thursday, January 29th. Finally, Weiss Ratings cut Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $162.50.

Hawkins Trading Down 5.6%

Shares of Hawkins stock opened at $139.71 on Friday. The company has a market capitalization of $2.92 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82. The stock has a fifty day simple moving average of $146.88 and a 200 day simple moving average of $151.66. Hawkins, Inc. has a 12-month low of $101.72 and a 12-month high of $186.15. The company has a current ratio of 2.35, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). Hawkins had a net margin of 7.75% and a return on equity of 16.85%. The company had revenue of $244.08 million for the quarter, compared to the consensus estimate of $252.51 million. On average, sell-side analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, February 13th. This represents a $0.76 annualized dividend and a yield of 0.5%. Hawkins’s payout ratio is 19.24%.

About Hawkins

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.