Thrivent Financial for Lutherans Increases Stake in Hawkins, Inc. $HWKN

Thrivent Financial for Lutherans boosted its stake in Hawkins, Inc. (NASDAQ:HWKN) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,959 shares of the specialty chemicals company’s stock after purchasing an additional 7,548 shares during the period. Thrivent Financial for Lutherans’ holdings in Hawkins were worth $10,242,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in Hawkins by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,708 shares of the specialty chemicals company’s stock worth $2,322,000 after purchasing an additional 79 shares during the period. Truist Financial Corp grew its position in shares of Hawkins by 4.7% in the 4th quarter. Truist Financial Corp now owns 1,852 shares of the specialty chemicals company’s stock worth $263,000 after buying an additional 83 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Hawkins by 0.6% in the 4th quarter. Farther Finance Advisors LLC now owns 15,090 shares of the specialty chemicals company’s stock worth $2,144,000 after buying an additional 88 shares during the last quarter. Aster Capital Management DIFC Ltd grew its position in shares of Hawkins by 62.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 115 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Hawkins by 0.9% in the 2nd quarter. Quantinno Capital Management LP now owns 13,618 shares of the specialty chemicals company’s stock worth $1,935,000 after buying an additional 124 shares during the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Trading Down 1.7%

NASDAQ HWKN opened at $152.96 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hawkins, Inc. has a twelve month low of $117.98 and a twelve month high of $186.15. The firm has a market capitalization of $3.19 billion, a PE ratio of 39.12, a P/E/G ratio of 2.81 and a beta of 0.81. The stock’s 50 day moving average is $154.06 and its 200 day moving average is $145.89.

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

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, May 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. Hawkins’s payout ratio is currently 19.44%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HWKN. Weiss Ratings upgraded Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. BWS Financial reiterated a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Hawkins 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.