GW&K Investment Management LLC Buys 11,320 Shares of Hawkins, Inc. $HWKN

GW&K Investment Management LLC lifted its stake in Hawkins, Inc. (NASDAQ:HWKN) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,587 shares of the specialty chemicals company’s stock after buying an additional 11,320 shares during the period. GW&K Investment Management LLC owned approximately 0.71% of Hawkins worth $21,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HWKN. AQR Capital Management LLC increased its holdings in Hawkins by 9.0% in the 1st quarter. AQR Capital Management LLC now owns 12,331 shares of the specialty chemicals company’s stock valued at $1,306,000 after buying an additional 1,017 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hawkins by 4.5% in the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 buying an additional 4,400 shares during the period. Jane Street Group LLC increased its holdings 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 holdings in Hawkins by 50.3% in the 2nd quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock valued at $40,122,000 after buying an additional 94,503 shares during the period. 69.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings lowered shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. BWS Financial reissued a “buy” rating and issued a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. One 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 presently has a consensus rating of “Hold” and a consensus target price of $200.00.

Hawkins Stock Performance

NASDAQ HWKN opened at $153.78 on Thursday. The firm’s fifty day moving average price is $157.43 and its two-hundred day moving average price is $148.80. The stock has a market cap of $3.21 billion, a PE ratio of 39.33, a PEG ratio of 2.80 and a beta of 0.76. Hawkins, Inc. has a fifty-two week low of $117.98 and a fifty-two 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.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The company had revenue of $265.91 million for the quarter, compared to the consensus estimate of $255.28 million. Hawkins had a return on equity of 16.08% and a net margin of 7.53%. On average, equities analysts expect that Hawkins, Inc. will post 4.27 EPS for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued 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 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.