Envestnet Asset Management Inc. Has $4.39 Million Stock Position in Hawkins, Inc. $HWKN

Envestnet Asset Management Inc. grew its stake in Hawkins, Inc. (NASDAQ:HWKN) by 74.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,050 shares of the specialty chemicals company’s stock after buying an additional 10,279 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Hawkins worth $4,394,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HWKN. Invesco Ltd. lifted its position in Hawkins by 50.3% in the 2nd quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock valued at $40,122,000 after acquiring an additional 94,503 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Hawkins by 130.7% in the 2nd quarter. Schroder Investment Management Group now owns 149,397 shares of the specialty chemicals company’s stock valued at $21,229,000 after purchasing an additional 84,651 shares during the period. Segall Bryant & Hamill LLC raised its stake in shares of Hawkins by 76.1% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 112,431 shares of the specialty chemicals company’s stock valued at $15,976,000 after purchasing an additional 48,602 shares during the period. Montanaro Asset Management Ltd boosted its position in shares of Hawkins by 294.0% during the second quarter. Montanaro Asset Management Ltd now owns 59,100 shares of the specialty chemicals company’s stock worth $8,398,000 after buying an additional 44,100 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Hawkins by 42.2% during the second quarter. Bessemer Group Inc. now owns 134,116 shares of the specialty chemicals company’s stock worth $19,057,000 after buying an additional 39,790 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Insider Transactions at Hawkins

In other Hawkins news, Director James A. Faulconbridge acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was bought at an average cost of $129.29 per share, with a total value of $193,935.00. Following the completion of the transaction, the director directly owned 50,907 shares in the company, valued at approximately $6,581,766.03. This represents a 3.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on HWKN. BWS Financial restated a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research note on Thursday, January 29th. Weiss Ratings downgraded shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Zacks Research raised shares of Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Hawkins has an average rating of “Hold” and an average price target of $162.50.

Hawkins Price Performance

Shares of HWKN opened at $144.04 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $146.01 and its 200 day simple moving average is $153.68. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $186.15. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 3.10 and a beta of 0.86.

Hawkins (NASDAQ:HWKN) last announced 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). The firm had revenue of $244.08 million during the quarter, compared to the consensus estimate of $252.51 million. Hawkins had a net margin of 7.75% and a return on equity of 16.85%. On average, research analysts forecast that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, February 13th. Hawkins’s payout ratio is 19.24%.

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.