Bowen Hanes & Co. Inc. Raises Position in Hawkins, Inc. $HWKN

Bowen Hanes & Co. Inc. increased its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,970 shares of the specialty chemicals company’s stock after purchasing an additional 57,800 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Hawkins were worth $51,848,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in Hawkins in the 4th quarter worth $34,000. Aster Capital Management DIFC Ltd raised its position in Hawkins by 62.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 115 shares during the period. Advisory Services Network LLC purchased a new position in Hawkins in the 3rd quarter worth $79,000. New Age Alpha Advisors LLC purchased a new position in shares of Hawkins in the fourth quarter valued at about $93,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Hawkins in the third quarter valued at about $102,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

HWKN has been the topic of a number of analyst reports. BWS Financial restated a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research report on Monday, March 23rd. Weiss Ratings upgraded shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Hawkins Price Performance

HWKN stock opened at $154.69 on Thursday. The firm’s 50-day moving average price is $157.07 and its two-hundred day moving average price is $147.75. Hawkins, Inc. has a 12-month low of $117.98 and a 12-month high of $186.15. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 2.83 and a beta of 0.76. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data 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 firm had revenue of $265.91 million during the quarter, compared to analysts’ expectations of $255.28 million. Hawkins had a net margin of 7.53% and a return on equity of 16.08%. As a group, equities analysts predict that Hawkins, Inc. will post 4.27 earnings per share for the current year.

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. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. Hawkins’s payout ratio is presently 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.