EFG International AG Buys New Holdings in Hawkins, Inc. $HWKN

EFG International AG purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 19,083 shares of the specialty chemicals company’s stock, valued at approximately $2,710,000.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Hawkins in the second quarter valued at about $449,055,000. Bank of America Corp DE boosted its holdings in shares of Hawkins by 60.2% during the 1st quarter. Bank of America Corp DE now owns 98,567 shares of the specialty chemicals company’s stock worth $15,140,000 after buying an additional 37,035 shares during the period. Vanguard Group Inc. grew its stake in Hawkins by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock valued at $216,754,000 after buying an additional 20,958 shares during the last quarter. London Co. of Virginia acquired a new position in Hawkins in the 1st quarter valued at about $26,791,000. Finally, Bowen Hanes & Co. Inc. grew its stake in Hawkins by 4.3% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 380,520 shares of the specialty chemicals company’s stock valued at $58,448,000 after buying an additional 15,550 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Up 0.1%

NASDAQ HWKN opened at $118.57 on Thursday. The company has a 50 day moving average of $137.82 and a 200-day moving average of $147.50. Hawkins, Inc. has a 1-year low of $116.25 and a 1-year high of $186.15. The company has a current ratio of 2.27, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 2.41 and a beta of 0.79.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.04). The company had revenue of $315.68 million during the quarter, compared to analyst estimates of $313.42 million. Hawkins had a net margin of 7.29% and a return on equity of 15.42%. On average, equities research analysts expect that Hawkins, Inc. will post 4.1 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Hawkins’s payout ratio is 20.73%.

Analyst Upgrades and Downgrades

HWKN has been the subject of several research reports. Zacks Research downgraded shares of Hawkins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. BWS Financial reiterated a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research report on Monday, August 3rd. Barclays set a $142.00 target price on Hawkins and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $171.00.

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.