21,299 Shares in Hawkins, Inc. $HWKN Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 21,299 Hawkins shares worth approximately $3.03 million, while institutional investors collectively owned 69.71% of the company.
• Analyst sentiment is mixed, with one Buy, two Hold, and one Sell rating; MarketBeat reports a consensus Hold rating and an average price target of $171.
• Hawkins reported quarterly EPS of $1.35, slightly below the $1.39 estimate, but revenue of $315.68 million exceeded expectations. The company also declared a quarterly dividend of $0.19 per share, representing a 0.6% yield.

Deutsche Bank AG purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,299 shares of the specialty chemicals company's stock, valued at approximately $3,027,000. Deutsche Bank AG owned 0.10% of Hawkins at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HWKN. Rice Hall James & Associates LLC purchased a new stake in Hawkins in the second quarter valued at approximately $3,075,000. OneDigital Investment Advisors LLC acquired a new position in shares of Hawkins in the 2nd quarter valued at $575,000. Global Retirement Partners LLC acquired a new position in shares of Hawkins in the 2nd quarter valued at $223,000. Bank of New York Mellon Corp purchased a new stake in shares of Hawkins during the 2nd quarter valued at $20,071,000. Finally, State of Wyoming purchased a new stake in shares of Hawkins during the 2nd quarter valued at $442,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Hawkins Trading Up 0.1%

NASDAQ HWKN opened at $118.57 on Thursday. The company's fifty day simple moving average is $137.82 and its 200-day simple moving average is $147.50. Hawkins, Inc. has a 52 week low of $116.25 and a 52 week 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 stock has a market cap of $2.48 billion, a P/E ratio of 30.72, a PEG ratio of 2.41 and a beta of 0.79.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.04). Hawkins had a net margin of 7.29% and a return on equity of 15.42%. The firm had revenue of $315.68 million for the quarter, compared to analyst estimates of $313.42 million. Equities research analysts predict that Hawkins, Inc. will post 4.1 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 14th. Hawkins's payout ratio is presently 20.73%.

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.

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