24,629 Shares in Hawkins, Inc. $HWKN Acquired by Martin & Co. Inc. TN

Martin & Co. Inc. TN bought a new stake in Hawkins, Inc. (NASDAQ:HWKN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,629 shares of the specialty chemicals company’s stock, valued at approximately $3,500,000. Martin & Co. Inc. TN owned approximately 0.12% of Hawkins as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in shares of Hawkins by 9.0% in the first quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock valued at $1,306,000 after acquiring an additional 1,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hawkins by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,499 shares of the specialty chemicals company’s stock worth $1,218,000 after purchasing an additional 494 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Hawkins by 9.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,778 shares of the specialty chemicals company’s stock worth $5,590,000 after purchasing an additional 4,400 shares in the last quarter. Jane Street Group LLC raised its stake in Hawkins by 83.2% in the 1st quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock valued at $4,069,000 after purchasing an additional 17,447 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Hawkins by 50.3% in the 2nd quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock valued at $40,122,000 after purchasing an additional 94,503 shares in the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Performance

Shares of HWKN stock opened at $118.99 on Friday. Hawkins, Inc. has a one year low of $117.98 and a one year high of $186.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.54 and a current ratio of 2.27. The company has a 50 day moving average price of $140.27 and a 200 day moving average price of $147.56. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). The company had revenue of $315.68 million for the quarter, compared to analysts’ expectations of $313.42 million. Hawkins had a return on equity of 15.42% and a net margin of 7.29%. Sell-side analysts anticipate that Hawkins, Inc. will post 4.04 EPS for the current year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Hawkins’s dividend payout ratio (DPR) is 20.73%.

Analyst Ratings Changes

HWKN has been the topic of several analyst reports. BWS Financial reaffirmed a “buy” rating and set a $200.00 price target on shares of Hawkins in a research note on Monday, August 3rd. Barclays set a $142.00 price objective on shares of Hawkins and gave the company an “equal weight” rating in a research report on Friday, July 31st. Zacks Research downgraded Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings lowered Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $171.00.

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.