GW&K Investment Management LLC Has $25.08 Million Position in Hawkins, Inc. $HWKN

Key Points

• GW&K Investment Management LLC cut its stake in Hawkins by 31.0%, selling 61,802 shares and holding 137,267 shares valued at about $25.08 million (roughly 0.66% of the company) after the third quarter.
• Director James A. Faulconbridge bought 1,500 shares at $129.29 on Feb. 4, raising his ownership to 50,907 shares and contributing to insiders holding 4.10% of the stock.
• Hawkins missed Q results, reporting $0.72 EPS vs. $0.75 expected and $244.08M revenue vs. $252.51M expected; analysts' consensus is a "Hold" with an average price target of $162.50.

GW&K Investment Management LLC lessened its stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 31.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 137,267 shares of the specialty chemicals company's stock after selling 61,802 shares during the period. GW&K Investment Management LLC owned about 0.66% of Hawkins worth $25,081,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HWKN. Salomon & Ludwin LLC bought a new stake in Hawkins in the third quarter valued at approximately $27,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Hawkins during the 2nd quarter worth about $31,000. First Horizon Corp bought a new position in shares of Hawkins in the 3rd quarter worth about $34,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Hawkins by 62.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 300 shares of the specialty chemicals company's stock valued at $55,000 after purchasing an additional 115 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Hawkins by 694.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 405 shares of the specialty chemicals company's stock valued at $74,000 after purchasing an additional 354 shares during the period. 69.71% of the stock is currently owned by institutional investors.

Insider Transactions at Hawkins

In other news, Director James A. Faulconbridge acquired 1,500 shares of the business's stock in a transaction on Wednesday, February 4th. The shares were purchased at an average cost of $129.29 per share, with a total value of $193,935.00. Following the acquisition, the director directly owned 50,907 shares of the company's stock, valued at $6,581,766.03. The trade was a 3.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by corporate insiders.

Hawkins Price Performance

Shares of NASDAQ HWKN opened at $150.12 on Friday. Hawkins, Inc. has a fifty-two week low of $100.34 and a fifty-two week high of $186.15. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 3.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.35. The firm's 50-day simple moving average is $146.56 and its 200 day simple moving average is $152.44.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.03). Hawkins had a return on equity of 16.85% and a net margin of 7.75%.The company had revenue of $244.08 million for the quarter, compared to the consensus estimate of $252.51 million. As a group, research analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, February 13th. This represents a $0.76 annualized dividend and a yield of 0.5%. Hawkins's dividend payout ratio (DPR) is 19.24%.

Wall Street Analyst Weigh In

Several research firms recently commented on HWKN. Weiss Ratings cut Hawkins from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, January 12th. Zacks Research upgraded Hawkins from a "strong sell" rating to a "hold" rating in a report on Friday, January 2nd. Finally, BWS Financial reiterated a "buy" rating and issued a $200.00 price objective on shares of Hawkins in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $162.50.

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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