OneDigital Investment Advisors LLC Purchases New Position in Hawkins, Inc. $HWKN

OneDigital Investment Advisors LLC acquired a new position in Hawkins, Inc. (NASDAQ:HWKN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,043 shares of the specialty chemicals company’s stock, valued at approximately $575,000.

A number of other hedge funds have also bought and sold shares of HWKN. AQR Capital Management LLC lifted its position in shares of Hawkins by 9.0% during the first quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock worth $1,306,000 after acquiring an additional 1,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hawkins by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,499 shares of the specialty chemicals company’s stock valued at $1,218,000 after purchasing an additional 494 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 purchasing an additional 4,400 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Hawkins by 83.2% during the 1st quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock valued at $4,069,000 after purchasing an additional 17,447 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Hawkins by 50.3% during the 2nd quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock valued at $40,122,000 after purchasing an additional 94,503 shares during the period. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HWKN has been the subject of several analyst reports. Barclays set a $142.00 target price on Hawkins and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Weiss Ratings cut Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. BWS Financial reissued a “buy” rating and issued a $200.00 price target on shares of Hawkins in a report on Monday, August 3rd. Finally, Zacks Research lowered shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hawkins currently has an average rating of “Hold” and a consensus target price of $171.00.

Hawkins Stock Down 5.1%

Shares of NASDAQ HWKN opened at $124.80 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average of $142.41 and a 200-day moving average of $147.95. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.70 and a beta of 0.79. Hawkins, Inc. has a 12 month low of $117.98 and a 12 month high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). Hawkins had a net margin of 7.29% and a return on equity of 15.42%. The company had revenue of $315.68 million during the quarter, compared to analysts’ expectations of $313.42 million. Sell-side analysts expect that Hawkins, Inc. will post 4.04 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. Hawkins’s dividend payout ratio (DPR) is 20.73%.

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.