NewEdge Wealth LLC Purchases 5,779 Shares of Hawkins, Inc. $HWKN

NewEdge Wealth LLC lifted its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 145.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,744 shares of the specialty chemicals company’s stock after purchasing an additional 5,779 shares during the quarter. NewEdge Wealth LLC’s holdings in Hawkins were worth $1,497,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in Hawkins during the fourth quarter valued at $29,000. MBM Wealth Consultants LLC purchased a new position in shares of Hawkins in the 1st quarter worth $33,000. Sound Income Strategies LLC bought a new stake in shares of Hawkins in the 4th quarter worth about $34,000. Simplex Trading LLC increased its holdings in shares of Hawkins by 246.0% in the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Hawkins in the 3rd quarter worth about $79,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

Shares of HWKN opened at $139.03 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $150.33 and a 200 day moving average of $150.50. The company has a market cap of $2.91 billion, a PE ratio of 35.56, a P/E/G ratio of 2.51 and a beta of 0.78. Hawkins, Inc. has a 52-week low of $117.98 and a 52-week high of $186.15.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). Hawkins had a net margin of 7.53% and a return on equity of 16.08%. The firm had revenue of $265.91 million for the quarter, compared to the consensus estimate of $255.28 million. On average, sell-side analysts expect that Hawkins, Inc. will post 4.27 EPS for the current year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. Hawkins’s payout ratio is currently 19.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HWKN shares. Barclays set a $170.00 price target on shares of Hawkins and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Weiss Ratings cut Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $185.00.

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.