Hawkins, Inc. (HWKN) Holdings Boosted by Vanguard Group Inc.
Vanguard Group Inc. grew its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 635,831 shares of the specialty chemicals company’s stock after purchasing an additional 21,199 shares during the period. Vanguard Group Inc. owned approximately 5.99% of Hawkins worth $29,470,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ativo Capital Management LLC acquired a new stake in shares of Hawkins in the 2nd quarter worth approximately $788,000. ProShare Advisors LLC grew its holdings in shares of Hawkins by 5.6% in the 2nd quarter. ProShare Advisors LLC now owns 144,415 shares of the specialty chemicals company’s stock worth $6,694,000 after acquiring an additional 7,689 shares during the period. HPM Partners LLC grew its holdings in shares of Hawkins by 38.4% in the 2nd quarter. HPM Partners LLC now owns 27,675 shares of the specialty chemicals company’s stock worth $1,287,000 after acquiring an additional 7,675 shares during the period. Northern Trust Corp grew its holdings in shares of Hawkins by 5.4% in the 2nd quarter. Northern Trust Corp now owns 135,693 shares of the specialty chemicals company’s stock worth $6,290,000 after acquiring an additional 6,905 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of Hawkins by 32.1% in the 2nd quarter. Prudential Financial Inc. now owns 25,036 shares of the specialty chemicals company’s stock worth $1,161,000 after acquiring an additional 6,090 shares during the period. Institutional investors own 59.29% of the company’s stock.
HWKN has been the topic of a number of research reports. BidaskClub cut Hawkins from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. TheStreet cut Hawkins from a “b” rating to a “c+” rating in a report on Tuesday, August 15th.
In related news, Director Mary J. Schumacher bought 1,400 shares of Hawkins stock in a transaction that occurred on Monday, August 28th. The shares were purchased at an average price of $35.80 per share, with a total value of $50,120.00. Following the purchase, the director now owns 6,616 shares in the company, valued at $236,852.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by corporate insiders.
Shares of Hawkins, Inc. (NASDAQ HWKN) opened at $35.70 on Friday. The firm has a market capitalization of $376.41, a P/E ratio of 19.83 and a beta of 0.73. The company has a quick ratio of 1.26, a current ratio of 2.52 and a debt-to-equity ratio of 0.46. Hawkins, Inc. has a fifty-two week low of $34.20 and a fifty-two week high of $54.80.
Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter. Hawkins had a return on equity of 8.49% and a net margin of 3.84%. The firm had revenue of $125.40 million for the quarter.
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Hawkins, Inc distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy.
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