EFG International AG Acquires New Shares in Hawkins, Inc. $HWKN

Key Points

• EFG International AG acquired 19,083 Hawkins shares worth approximately $2.71 million during the second quarter, giving it a 0.09% stake. Institutional investors collectively own 69.71% of the company.
• Analyst sentiment is mixed: ratings include one Buy, two Holds and one Sell, resulting in a consensus Hold rating and a $171 average price target.
• Hawkins reported quarterly earnings of $1.35 per share, below the $1.39 consensus estimate, while revenue of $315.68 million exceeded expectations. The company also announced a quarterly dividend of $0.19 per share, equal to a 0.6% annualized yield.

EFG International AG acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,083 shares of the specialty chemicals company's stock, valued at approximately $2,710,000. EFG International AG owned 0.09% of Hawkins at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWKN. Kestra Advisory Services LLC bought a new position in shares of Hawkins during the 4th quarter valued at about $29,000. MBM Wealth Consultants LLC bought a new stake in Hawkins during the 1st quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Hawkins during the 2nd quarter worth approximately $37,000. Simplex Trading LLC lifted its stake 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 buying an additional 246 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Hawkins in the third quarter valued at approximately $79,000. 69.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Hawkins Stock Performance

HWKN opened at $118.57 on Thursday. Hawkins, Inc. has a 52-week low of $116.25 and a 52-week high of $186.15. The firm has a market capitalization of $2.48 billion, a PE ratio of 30.72, a PEG ratio of 2.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.54 and a current ratio of 2.27. The business's 50-day simple moving average is $137.82 and its 200 day simple moving average is $147.50.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted 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). The company had revenue of $315.68 million during the quarter, compared to the consensus estimate of $313.42 million. Hawkins had a net margin of 7.29% and a return on equity of 15.42%. As a group, sell-side analysts expect that Hawkins, Inc. will post 4.1 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced 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 of this dividend is Friday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. Hawkins's dividend payout ratio (DPR) is currently 20.73%.

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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