Geode Capital Management LLC Has $72.97 Million Position in Hawkins, Inc. $HWKN

Geode Capital Management LLC boosted its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 513,535 shares of the specialty chemicals company’s stock after buying an additional 13,828 shares during the period. Geode Capital Management LLC owned approximately 2.46% of Hawkins worth $72,965,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HWKN. AQR Capital Management LLC raised its holdings in Hawkins by 9.0% in the first quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock worth $1,306,000 after purchasing an additional 1,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hawkins by 4.5% in the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Hawkins by 9.1% in the first 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 during the period. Jane Street Group LLC raised its holdings in Hawkins by 83.2% in the first quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock worth $4,069,000 after purchasing an additional 17,447 shares during the period. Finally, Invesco Ltd. raised its holdings in Hawkins by 50.3% in the second quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock worth $40,122,000 after purchasing an additional 94,503 shares during the period. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Trading Up 0.8%

Shares of NASDAQ:HWKN opened at $156.26 on Tuesday. Hawkins, Inc. has a 12 month low of $117.98 and a 12 month high of $186.15. The company has a quick ratio of 1.46, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $157.32 and its 200 day simple moving average is $148.34. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 2.80 and a beta of 0.76.

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

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analysts Forecast Growth

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

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.