Capital World Investors Acquires 122,366 Shares of Hawkins, Inc. $HWKN

Capital World Investors boosted its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,985 shares of the specialty chemicals company’s stock after acquiring an additional 122,366 shares during the period. Capital World Investors owned about 2.29% of Hawkins worth $67,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bowen Hanes & Co. Inc. lifted its position in shares of Hawkins by 18.8% during the fourth quarter. Bowen Hanes & Co. Inc. now owns 364,970 shares of the specialty chemicals company’s stock valued at $51,848,000 after buying an additional 57,800 shares during the last quarter. Anchor Capital Advisors LLC lifted its position in shares of Hawkins by 12.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 12,568 shares of the specialty chemicals company’s stock valued at $1,785,000 after buying an additional 1,405 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Hawkins by 16.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 83,110 shares of the specialty chemicals company’s stock valued at $11,807,000 after buying an additional 11,474 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Hawkins by 4.6% during the fourth quarter. Natixis Advisors LLC now owns 70,701 shares of the specialty chemicals company’s stock valued at $10,044,000 after buying an additional 3,103 shares during the last quarter. Finally, Amica Mutual Insurance Co. lifted its position in shares of Hawkins by 72.0% during the fourth quarter. Amica Mutual Insurance Co. now owns 3,980 shares of the specialty chemicals company’s stock valued at $565,000 after buying an additional 1,666 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on HWKN shares. BWS Financial reissued a “buy” rating and set a $200.00 price target on shares of Hawkins in a research report on Monday, March 23rd. Weiss Ratings lowered shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $200.00.

Hawkins Stock Performance

Shares of Hawkins stock opened at $155.60 on Wednesday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 39.80, a PEG ratio of 2.82 and a beta of 0.76. 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 has a 50 day moving average price of $157.39 and a 200 day moving average price of $148.56. Hawkins, Inc. has a 52 week low of $117.98 and a 52 week high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.02). The company had revenue of $265.91 million during the quarter, compared to analysts’ expectations of $255.28 million. Hawkins had a net margin of 7.53% and a return on equity of 16.08%. Sell-side analysts expect that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Announces Dividend

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 given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 29th. Hawkins’s dividend payout ratio (DPR) is presently 19.44%.

About Hawkins

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.