Granite Investment Partners LLC Has $11.29 Million Holdings in Hawkins, Inc. $HWKN

Granite Investment Partners LLC lessened its stake in Hawkins, Inc. (NASDAQ:HWKN) by 5.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,480 shares of the specialty chemicals company’s stock after selling 4,488 shares during the quarter. Granite Investment Partners LLC owned about 0.35% of Hawkins worth $11,287,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Moran Wealth Management LLC grew its position in shares of Hawkins by 479.2% during the 1st quarter. Moran Wealth Management LLC now owns 26,944 shares of the specialty chemicals company’s stock worth $4,139,000 after buying an additional 22,292 shares during the period. World Investment Advisors acquired a new stake in shares of Hawkins in the 1st quarter valued at approximately $220,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Hawkins in the 1st quarter valued at approximately $224,000. Apollon Wealth Management LLC bought a new position in Hawkins during the 1st quarter worth approximately $316,000. Finally, Pictet Asset Management Holding SA grew its holdings in Hawkins by 13.1% during the first quarter. Pictet Asset Management Holding SA now owns 2,977 shares of the specialty chemicals company’s stock valued at $457,000 after purchasing an additional 345 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 subject of several recent analyst reports. BWS Financial reaffirmed a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research note on Monday, March 23rd. Weiss Ratings raised shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 24th. Finally, Barclays set a $170.00 price target on shares of Hawkins and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Hawkins presently has an average rating of “Hold” and an average target price of $185.00.

Hawkins Price Performance

Shares of HWKN opened at $132.30 on Thursday. The stock has a 50 day simple moving average of $156.43 and a 200 day simple moving average of $150.99. Hawkins, Inc. has a 52-week low of $117.98 and a 52-week high of $186.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 2.21. The firm has a market capitalization of $2.77 billion, a PE ratio of 33.84, a P/E/G ratio of 2.46 and a beta of 0.78.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.02). Hawkins had a return on equity of 16.08% and a net margin of 7.53%.The company had revenue of $265.91 million for the quarter, compared to analyst estimates of $255.28 million. Sell-side analysts predict that Hawkins, Inc. will post 4.27 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors 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 dividend yield of 0.6%. The ex-dividend date was Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is presently 19.44%.

Hawkins Company 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.