Hawkins, Inc. $HWKN Shares Acquired by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. grew its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 4.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 380,520 shares of the specialty chemicals company’s stock after purchasing an additional 15,550 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Hawkins were worth $58,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. William Blair Investment Management LLC acquired a new stake in Hawkins in the fourth quarter valued at approximately $19,098,000. Wasatch Advisors LP lifted its stake in shares of Hawkins by 31.4% in the fourth quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock worth $78,477,000 after acquiring an additional 131,850 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Hawkins by 44.4% in the third quarter. Invesco Ltd. now owns 407,793 shares of the specialty chemicals company’s stock worth $74,512,000 after acquiring an additional 125,444 shares in the last quarter. Capital World Investors raised its position in shares of Hawkins by 34.4% in the 4th quarter. Capital World Investors now owns 477,985 shares of the specialty chemicals company’s stock valued at $67,903,000 after purchasing an additional 122,366 shares in the last quarter. Finally, State Street Corp grew its position in shares of Hawkins by 11.6% during the fourth quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company’s stock worth $151,642,000 after buying an additional 111,318 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Stock Down 2.7%

Hawkins stock opened at $139.33 on Friday. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 2.58 and a beta of 0.78. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $150.73 and its two-hundred day moving average price is $150.58. Hawkins, Inc. has a 52 week low of $117.98 and a 52 week high of $186.15.

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

Hawkins Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.5%. Hawkins’s payout ratio is presently 19.44%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays set a $170.00 price objective on shares of Hawkins and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Weiss Ratings downgraded Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Hawkins currently has a consensus rating of “Hold” and an average target price of $185.00.

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.