174,415 Shares in Hawkins, Inc. $HWKN Acquired by London Co. of Virginia

London Co. of Virginia acquired a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 174,415 shares of the specialty chemicals company’s stock, valued at approximately $26,791,000.

Several other large investors have also recently bought and sold shares of HWKN. Kestra Advisory Services LLC acquired a new stake in Hawkins in the fourth quarter worth $29,000. MBM Wealth Consultants LLC acquired a new position in shares of Hawkins in the 1st quarter valued at $33,000. Sound Income Strategies LLC acquired a new position in shares of Hawkins in the 4th quarter valued at $34,000. Simplex Trading LLC increased its position in shares of Hawkins by 246.0% in the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Hawkins in the 3rd quarter valued at $79,000. Institutional investors own 69.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HWKN. 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 target price on Hawkins and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $185.00.

Hawkins Stock Performance

Shares of HWKN opened at $139.03 on Friday. 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 twelve month low of $117.98 and a twelve month high of $186.15. The firm’s 50 day moving average price is $150.33 and its two-hundred day moving average price is $150.50. The firm has a market cap of $2.91 billion, a P/E ratio of 35.56, a PEG ratio of 2.51 and a beta of 0.78.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results 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 company had revenue of $265.91 million during the quarter, compared to analyst estimates of $255.28 million. On average, analysts forecast that Hawkins, Inc. will post 4.27 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Hawkins’s payout ratio is currently 19.44%.

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.