Fifth Third Bancorp Grows Stock Holdings in Hawkins, Inc. $HWKN

Fifth Third Bancorp increased its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 15,401.6% in the first quarter, HoldingsChannel.com reports. The firm owned 9,611 shares of the specialty chemicals company’s stock after acquiring an additional 9,549 shares during the quarter. Fifth Third Bancorp’s holdings in Hawkins were worth $1,476,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Hawkins by 9.0% during the 1st quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock worth $1,306,000 after buying an additional 1,017 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $1,218,000 after buying an additional 494 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hawkins by 9.1% in the 1st 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 valued at $5,590,000 after purchasing an additional 4,400 shares during the last quarter. Jane Street Group LLC increased its stake in Hawkins by 83.2% in the 1st quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock valued at $4,069,000 after buying an additional 17,447 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Hawkins by 50.3% during the second quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock worth $40,122,000 after acquiring an additional 94,503 shares during the period. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Trading Down 2.7%

Shares of HWKN opened at $139.33 on Friday. The company has a market capitalization of $2.91 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.46 and a current ratio of 2.21. Hawkins, Inc. has a fifty-two week low of $117.98 and a fifty-two week high of $186.15. The stock has a fifty day moving average of $150.73 and a two-hundred day moving average of $150.58.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (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 analyst estimates of $255.28 million. Hawkins had a return on equity of 16.08% and a net margin of 7.53%. As a group, analysts forecast that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on HWKN shares. Weiss Ratings downgraded Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Barclays set a $170.00 price objective on Hawkins and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $185.00.

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.