SG Americas Securities LLC Has $3.24 Million Stake in Hawkins, Inc. $HWKN

SG Americas Securities LLC grew its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 131.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,803 shares of the specialty chemicals company’s stock after acquiring an additional 12,935 shares during the quarter. SG Americas Securities LLC owned 0.11% of Hawkins worth $3,239,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oliver Luxxe Assets LLC increased its stake in Hawkins by 0.9% during the 4th quarter. Oliver Luxxe Assets LLC now owns 15,158 shares of the specialty chemicals company’s stock worth $2,153,000 after purchasing an additional 140 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Hawkins in the third quarter valued at approximately $380,000. Advisory Services Network LLC acquired a new position in shares of Hawkins in the third quarter valued at approximately $79,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Hawkins by 9.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 17,479 shares of the specialty chemicals company’s stock valued at $3,092,000 after buying an additional 1,570 shares during the period. Finally, Wasatch Advisors LP increased its position in shares of Hawkins by 10.9% during the third quarter. Wasatch Advisors LP now owns 420,569 shares of the specialty chemicals company’s stock worth $76,846,000 after acquiring an additional 41,184 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Performance

Shares of HWKN stock opened at $151.53 on Friday. Hawkins, Inc. has a 12 month low of $101.72 and a 12 month high of $186.15. The company’s fifty day simple moving average is $144.89 and its 200-day simple moving average is $148.94. The firm has a market cap of $3.17 billion, a PE ratio of 38.36, a P/E/G ratio of 2.90 and a beta of 0.80. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 0.49.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, January 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). Hawkins had a net margin of 7.75% and a return on equity of 16.85%. The business had revenue of $244.08 million during the quarter, compared to the consensus estimate of $252.51 million. Equities research analysts expect that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. Hawkins’s payout ratio is currently 19.24%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HWKN. Zacks Research raised shares of Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. BWS Financial reiterated a “buy” rating and set a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. Finally, Weiss Ratings lowered Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $200.00.

Insider Activity

In related news, Director James A. Faulconbridge bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were acquired at an average price of $129.29 per share, for a total transaction of $193,935.00. Following the completion of the acquisition, the director owned 50,907 shares of the company’s stock, valued at approximately $6,581,766.03. The trade was a 3.04% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.10% of the company’s stock.

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.