Bessemer Group Inc. Has $19.06 Million Holdings in Hawkins, Inc. $HWKN

Bessemer Group Inc. boosted its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 42.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,116 shares of the specialty chemicals company’s stock after buying an additional 39,790 shares during the period. Bessemer Group Inc. owned about 0.64% of Hawkins worth $19,057,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Hawkins by 2.4% during the first quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company’s stock valued at $10,781,000 after acquiring an additional 2,365 shares during the period. Bridges Investment Management Inc. raised its stake in Hawkins by 111.1% during the 1st quarter. Bridges Investment Management Inc. now owns 9,289 shares of the specialty chemicals company’s stock valued at $984,000 after purchasing an additional 4,888 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Hawkins by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company’s stock valued at $4,942,000 after purchasing an additional 1,298 shares during the period. Allianz Asset Management GmbH acquired a new stake in Hawkins during the 1st quarter valued at $244,000. Finally, Raymond James Financial Inc. raised its stake in Hawkins by 2.8% during the 1st quarter. Raymond James Financial Inc. now owns 109,697 shares of the specialty chemicals company’s stock valued at $11,619,000 after purchasing an additional 3,010 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Analyst Ratings Changes

HWKN has been the topic of several recent analyst reports. Zacks Research lowered Hawkins from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. BWS Financial upped their target price on Hawkins from $160.00 to $200.00 and gave the company a “buy” rating in a report on Friday, August 1st. Raymond James Financial assumed coverage on Hawkins in a report on Thursday, July 24th. They issued a “market perform” rating on the stock. Wall Street Zen lowered shares of Hawkins from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hawkins in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Hawkins has a consensus rating of “Moderate Buy” and a consensus price target of $162.50.

Hawkins Trading Down 2.6%

NASDAQ:HWKN opened at $165.23 on Wednesday. The company has a market capitalization of $3.45 billion, a P/E ratio of 40.70, a P/E/G ratio of 2.40 and a beta of 0.84. The stock’s 50 day moving average price is $171.67 and its 200 day moving average price is $152.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31. Hawkins, Inc. has a 52 week low of $98.30 and a 52 week high of $186.15.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. The firm had revenue of $293.27 million during the quarter, compared to analysts’ expectations of $278.76 million. On average, research analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

About Hawkins

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.