Bowen Hanes & Co. Inc. Boosts Holdings in Hawkins, Inc. $HWKN

Bowen Hanes & Co. Inc. boosted its position in Hawkins, Inc. (NASDAQ:HWKN) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,970 shares of the specialty chemicals company’s stock after purchasing an additional 57,800 shares during the quarter. Bowen Hanes & Co. Inc. owned about 1.75% of Hawkins worth $51,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Anchor Capital Advisors LLC lifted its stake in Hawkins by 12.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 12,568 shares of the specialty chemicals company’s stock worth $1,785,000 after purchasing an additional 1,405 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Hawkins by 16.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 83,110 shares of the specialty chemicals company’s stock worth $11,807,000 after purchasing an additional 11,474 shares in the last quarter. Natixis Advisors LLC lifted its stake in Hawkins by 4.6% in the 4th quarter. Natixis Advisors LLC now owns 70,701 shares of the specialty chemicals company’s stock worth $10,044,000 after purchasing an additional 3,103 shares in the last quarter. Amica Mutual Insurance Co. lifted its stake in Hawkins by 72.0% in the 4th quarter. Amica Mutual Insurance Co. now owns 3,980 shares of the specialty chemicals company’s stock worth $565,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Hawkins by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 513,535 shares of the specialty chemicals company’s stock worth $72,965,000 after purchasing an additional 13,828 shares in the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HWKN. Weiss Ratings raised shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. BWS Financial reaffirmed a “buy” rating and set a $200.00 price objective on shares of Hawkins in a report on Monday, March 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hawkins presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Hawkins Stock Performance

NASDAQ HWKN opened at $154.69 on Thursday. Hawkins, Inc. has a 52-week low of $117.98 and a 52-week high of $186.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 2.21. The company has a market capitalization of $3.23 billion, a P/E ratio of 39.56, a P/E/G ratio of 2.83 and a beta of 0.76. The company has a fifty day moving average of $157.07 and a 200-day moving average of $147.75.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (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 the consensus estimate of $255.28 million. As a group, equities research analysts predict that Hawkins, Inc. will post 4.27 EPS for the current fiscal year.

Hawkins Announces Dividend

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

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.