12,915 Shares in Hawkins, Inc. $HWKN Purchased by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC purchased 12,915 Hawkins shares worth approximately $1.81 million, acquiring about 0.06% of the company. Institutional investors collectively own 69.71% of Hawkins.
• Hawkins reported quarterly EPS of $1.35, missing estimates of $1.39, while revenue of $315.68 million exceeded forecasts. Analysts expect full-year EPS of $4.04.
• The company declared a quarterly dividend of $0.19, equivalent to $0.76 annually and a 0.6% yield. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $171.

Diversify Advisory Services LLC purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,915 shares of the specialty chemicals company's stock, valued at approximately $1,813,000. Diversify Advisory Services LLC owned about 0.06% of Hawkins as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in shares of Hawkins during the 4th quarter worth approximately $29,000. MBM Wealth Consultants LLC bought a new stake in Hawkins in the 1st quarter valued at $33,000. Simplex Trading LLC raised its stake in 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 acquiring an additional 246 shares during the period. Advisory Services Network LLC acquired a new stake in Hawkins during the 3rd quarter valued at $79,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Hawkins during the 4th quarter valued at $93,000. Institutional investors own 69.71% of the company's stock.

Hawkins Stock Performance

NASDAQ:HWKN opened at $123.92 on Thursday. The stock has a 50 day simple moving average of $141.81 and a 200 day simple moving average of $147.84. The stock has a market cap of $2.59 billion, a P/E ratio of 32.10, a PEG ratio of 2.57 and a beta of 0.79. Hawkins, Inc. has a 1-year low of $117.98 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.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.04). The firm 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%. Research analysts anticipate that Hawkins, Inc. will post 4.04 earnings per share for the current year.

Hawkins Dividend Announcement

The firm 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. The ex-dividend date is Friday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. Hawkins's dividend payout ratio is 20.73%.

Analyst Ratings Changes

A number of research firms have commented on HWKN. Zacks Research cut shares of Hawkins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. Barclays set a $142.00 target price on shares of Hawkins and gave the stock an "equal weight" rating in a research note on Friday, July 31st. BWS Financial reaffirmed a "buy" rating and set a $200.00 target price on shares of Hawkins in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of Hawkins from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Hawkins currently has a consensus rating of "Hold" and an average target price of $171.00.

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.

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