Kennedy Capital Management LLC Has $11.92 Million Holdings in Hawkins, Inc. $HWKN

Kennedy Capital Management LLC boosted its stake in Hawkins, Inc. (NASDAQ:HWKN) by 19.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,891 shares of the specialty chemicals company’s stock after purchasing an additional 13,942 shares during the quarter. Kennedy Capital Management LLC’s holdings in Hawkins were worth $11,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in Hawkins in the fourth quarter valued at about $29,000. Sound Income Strategies LLC bought a new position in Hawkins in the fourth quarter valued at about $34,000. Simplex Trading LLC grew its position in Hawkins by 246.0% in the fourth quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 246 shares during the last quarter. Aster Capital Management DIFC Ltd grew its position in Hawkins by 62.2% in the third quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 115 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Hawkins in the third quarter valued at about $79,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

Shares of HWKN opened at $158.34 on Monday. 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 business’s 50 day moving average price is $157.54 and its two-hundred day moving average price is $149.23. The firm has a market cap of $3.30 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76.

Hawkins (NASDAQ:HWKN) last issued its quarterly 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). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The business had revenue of $265.91 million during the quarter, compared to analyst estimates of $255.28 million. On average, equities analysts anticipate that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.76 annualized dividend and a yield of 0.5%. Hawkins’s payout ratio is 19.44%.

Analyst Ratings Changes

A number of research firms have issued reports on HWKN. BWS Financial reiterated a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research report on Monday, March 23rd. Weiss Ratings cut Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $200.00.

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.