Kennedy Capital Management LLC Has $11.92 Million Holdings in Hawkins, Inc. $HWKN

Kennedy Capital Management LLC increased its stake in Hawkins, Inc. (NASDAQ:HWKN) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,891 shares of the specialty chemicals company’s stock after buying an additional 13,942 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.40% of Hawkins worth $11,918,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of Hawkins during the 4th quarter worth about $29,000. Sound Income Strategies LLC acquired a new position in shares of Hawkins during the 4th quarter worth about $34,000. Simplex Trading LLC increased its stake in shares of Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 246 shares during the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of Hawkins by 62.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 115 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Hawkins during the 3rd quarter worth about $79,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HWKN shares. BWS Financial restated a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research note on Monday, March 23rd. Weiss Ratings lowered shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Hawkins has an average rating of “Hold” and an average price target of $200.00.

Hawkins Price Performance

HWKN stock opened at $158.34 on Monday. The company has a market cap of $3.30 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. The business has a 50-day simple moving average of $157.54 and a 200 day simple moving average of $149.23. Hawkins, Inc. has a 52 week low of $117.98 and a 52 week 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.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results 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). The company had revenue of $265.91 million during the quarter, compared to analyst estimates of $255.28 million. Hawkins had a net margin of 7.53% and a return on equity of 16.08%. Sell-side analysts anticipate that Hawkins, Inc. will post 4.27 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Hawkins’s payout ratio is 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.