B. Metzler seel. Sohn & Co. AG Invests $1.36 Million in Hawkins, Inc. $HWKN

Key Points

• B. Metzler seel. Sohn & Co. AG bought 9,543 Hawkins shares worth approximately $1.36 million in the second quarter. Institutional investors now own 69.71% of the specialty chemicals company.
• Analyst sentiment is mixed, with one Buy, two Hold and one Sell rating; the consensus rating is Hold with a $171 price target. Hawkins shares opened at $118.99, near their 52-week low of $117.98.
• Hawkins reported quarterly EPS of $1.35, slightly below the $1.39 consensus, while revenue of $315.68 million exceeded expectations. The company declared a quarterly dividend of $0.19 per share, equal to a 0.6% annualized yield.

B. Metzler seel. Sohn & Co. AG purchased a new position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,543 shares of the specialty chemicals company's stock, valued at approximately $1,356,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Wealth LLC bought a new stake in Hawkins during the 2nd quarter valued at $1,389,000. Diversify Advisory Services LLC purchased a new stake in shares of Hawkins during the second quarter valued at approximately $1,813,000. BlackRock Inc. bought a new stake in shares of Hawkins during the 2nd quarter worth $449,055,000. Deutsche Bank AG bought a new stake in Hawkins in the second quarter worth about $3,027,000. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Hawkins in the 2nd quarter worth approximately $3,075,000. Institutional investors own 69.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HWKN shares. Barclays set a $142.00 price objective on shares of Hawkins and gave the company an "equal weight" rating in a report on Friday, July 31st. Weiss Ratings cut Hawkins from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, July 14th. Zacks Research lowered shares of Hawkins from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Finally, 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. 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.com, Hawkins has an average rating of "Hold" and a consensus target price of $171.00.

Hawkins Stock Performance

Shares of HWKN stock opened at $118.99 on Monday. The stock has a fifty day moving average of $140.27 and a 200 day moving average of $147.72. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.45 and a beta of 0.79. The company has a quick ratio of 1.54, a current ratio of 2.27 and a debt-to-equity ratio of 0.45. Hawkins, Inc. has a 52 week low of $117.98 and a 52 week high of $186.15.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.04). Hawkins had a return on equity of 15.42% and a net margin of 7.29%.The company had revenue of $315.68 million during the quarter, compared to the consensus estimate of $313.42 million. As a group, research analysts expect that Hawkins, Inc. will post 4.04 earnings per share for the current year.

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. Hawkins's payout ratio is currently 20.73%.

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.

Want to see what other hedge funds are holding HWKN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hawkins, Inc. (NASDAQ:HWKN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source