NewEdge Wealth LLC Grows Stock Holdings in Hawkins, Inc. $HWKN

NewEdge Wealth LLC increased its position in Hawkins, Inc. (NASDAQ:HWKN) by 145.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,744 shares of the specialty chemicals company’s stock after buying an additional 5,779 shares during the period. NewEdge Wealth LLC’s holdings in Hawkins were worth $1,497,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HWKN. Kestra Advisory Services LLC bought a new stake in Hawkins during the fourth quarter valued at about $29,000. MBM Wealth Consultants LLC purchased a new position in shares of Hawkins in the first quarter valued at about $33,000. Sound Income Strategies LLC bought a new position in shares of Hawkins in the fourth quarter worth about $34,000. Simplex Trading LLC boosted its stake in shares of Hawkins by 246.0% in the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after acquiring an additional 246 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Hawkins in the third quarter worth about $79,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analyst Ratings Changes

HWKN has been the topic of several recent analyst reports. 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 target on Hawkins and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $185.00.

Hawkins Stock Performance

Shares of NASDAQ HWKN opened at $139.03 on Monday. The company has a market cap of $2.91 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.51 and a beta of 0.78. Hawkins, Inc. has a 52-week low of $117.98 and a 52-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. The firm’s fifty day moving average is $150.33 and its two-hundred day moving average is $150.50.

Hawkins (NASDAQ:HWKN) last released 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 for the quarter, compared to the consensus estimate of $255.28 million. Hawkins had a net margin of 7.53% and a return on equity of 16.08%. As a group, analysts anticipate that Hawkins, Inc. will post 4.27 EPS for the current fiscal year.

Hawkins Dividend Announcement

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