De Lisle Partners LLP Acquires New Position in Hawkins, Inc. $HWKN

Key Points

• De Lisle Partners LLP acquired 82,119 Hawkins shares worth approximately $11.66 million, making Hawkins its 19th-largest holding and representing about 1.3% of its portfolio. Institutional investors collectively own 69.71% of the company.
• Analyst sentiment is mixed, with ratings ranging from buy to strong sell. MarketBeat reports a consensus “Hold” rating and an average price target of $171, compared with Hawkins’ recent share price of $118.99.
• Hawkins reported quarterly EPS of $1.35, below the $1.39 consensus estimate, while revenue of $315.68 million exceeded expectations. The company also declared a quarterly dividend of $0.19 per share, equivalent to a 0.6% annualized yield.

De Lisle Partners LLP bought a new position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 82,119 shares of the specialty chemicals company's stock, valued at approximately $11,660,000. Hawkins makes up about 1.3% of De Lisle Partners LLP's portfolio, making the stock its 19th biggest holding. De Lisle Partners LLP owned about 0.39% of Hawkins at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Values First Advisors Inc. lifted its holdings in Hawkins by 0.8% during the first quarter. Values First Advisors Inc. now owns 9,855 shares of the specialty chemicals company's stock valued at $1,514,000 after purchasing an additional 79 shares in the last quarter. Truist Financial Corp increased its stake in shares of Hawkins by 4.7% in the fourth quarter. Truist Financial Corp now owns 1,852 shares of the specialty chemicals company's stock worth $263,000 after purchasing an additional 83 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Hawkins by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 3,815 shares of the specialty chemicals company's stock worth $542,000 after purchasing an additional 112 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Hawkins by 0.9% during the 2nd quarter. Quantinno Capital Management LP now owns 13,618 shares of the specialty chemicals company's stock valued at $1,935,000 after purchasing an additional 124 shares during the period. Finally, Sanctuary Advisors LLC raised its position in shares of Hawkins by 6.1% during the 1st quarter. Sanctuary Advisors LLC now owns 2,371 shares of the specialty chemicals company's stock valued at $364,000 after purchasing an additional 137 shares during the period. Institutional investors own 69.71% of the company's stock.

Analysts Set New Price Targets

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

Hawkins Trading Down 0.3%

Shares of HWKN opened at $118.99 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.27 and a quick ratio of 1.54. Hawkins, Inc. has a 1 year low of $117.98 and a 1 year high of $186.15. The company has a 50 day simple moving average of $140.27 and a two-hundred day simple moving average of $147.56. The firm has a market cap of $2.48 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.04). Hawkins had a net margin of 7.29% and a return on equity of 15.42%. The company had revenue of $315.68 million for the quarter, compared to the consensus estimate of $313.42 million. On average, equities analysts expect that Hawkins, Inc. will post 4.04 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 14th. 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.

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