Hawkins, Inc. $HWKN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 42.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,066 shares of the specialty chemicals company’s stock after selling 9,737 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Hawkins worth $2,007,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWKN. Capital World Investors raised its holdings in Hawkins by 618.8% in the third quarter. Capital World Investors now owns 355,619 shares of the specialty chemicals company’s stock valued at $64,979,000 after acquiring an additional 306,143 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Hawkins in the 4th quarter valued at about $19,098,000. Wasatch Advisors LP lifted its position in shares of Hawkins by 31.4% during the fourth quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock worth $78,477,000 after purchasing an additional 131,850 shares during the last quarter. Invesco Ltd. grew its stake in Hawkins by 44.4% in the third quarter. Invesco Ltd. now owns 407,793 shares of the specialty chemicals company’s stock worth $74,512,000 after purchasing an additional 125,444 shares in the last quarter. Finally, State Street Corp increased its holdings in Hawkins by 11.6% in the fourth quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company’s stock valued at $151,642,000 after buying an additional 111,318 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 2.8%

Shares of HWKN stock opened at $138.07 on Thursday. The stock has a 50-day simple moving average of $159.47 and a 200 day simple moving average of $151.23. The stock has a market capitalization of $2.89 billion, a P/E ratio of 35.31, a P/E/G ratio of 2.56 and a beta of 0.78. Hawkins, Inc. has a fifty-two week low of $117.98 and a fifty-two 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 data 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 business had revenue of $265.91 million for the quarter, compared to the consensus estimate of $255.28 million. On average, sell-side analysts expect that Hawkins, Inc. will post 4.27 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.19 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.6%. Hawkins’s payout ratio is 19.44%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HWKN shares. Weiss Ratings upgraded Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 24th. Barclays set a $170.00 price objective on shares of Hawkins and gave the stock an “equal weight” rating in a report on Tuesday. Finally, BWS Financial reissued a “buy” rating and set a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hawkins presently has a consensus rating of “Hold” and a consensus price target of $185.00.

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.