Deutsche Bank AG Takes Position in Hawkins, Inc. $HWKN

Deutsche Bank AG acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,299 shares of the specialty chemicals company’s stock, valued at approximately $3,027,000.

Several other large investors also recently made changes to their positions in HWKN. Bank of America Corp DE increased its position in Hawkins by 60.2% during the first quarter. Bank of America Corp DE now owns 98,567 shares of the specialty chemicals company’s stock worth $15,140,000 after buying an additional 37,035 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Hawkins by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock worth $216,754,000 after buying an additional 20,958 shares during the last quarter. London Co. of Virginia bought a new stake in shares of Hawkins during the 1st quarter worth about $26,791,000. Bowen Hanes & Co. Inc. boosted its stake in shares of Hawkins by 4.3% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 380,520 shares of the specialty chemicals company’s stock worth $58,448,000 after acquiring an additional 15,550 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Hawkins during the 2nd quarter valued at about $3,075,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays set a $142.00 target price on Hawkins and gave the stock an “equal weight” rating in a research report on Friday, July 31st. BWS Financial reiterated a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research note on Monday, August 3rd. Zacks Research downgraded shares of Hawkins from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings lowered shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $171.00.

Hawkins Trading Up 0.1%

Shares of Hawkins stock opened at $118.57 on Thursday. Hawkins, Inc. has a 1 year low of $116.25 and a 1 year high of $186.15. The company’s fifty day simple moving average is $137.82 and its 200-day simple moving average is $147.50. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 2.41 and a beta of 0.79. The company has a current ratio of 2.27, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $313.42 million. As a group, sell-side analysts expect that Hawkins, Inc. will post 4.1 EPS for the current 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 of this dividend is Friday, August 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. Hawkins’s dividend payout ratio is currently 20.73%.

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.