Thrivent Financial for Lutherans Grows Position in Hawkins, Inc. $HWKN

Thrivent Financial for Lutherans raised its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,959 shares of the specialty chemicals company’s stock after acquiring an additional 7,548 shares during the period. Thrivent Financial for Lutherans owned approximately 0.34% of Hawkins worth $10,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in shares of Hawkins in the 4th quarter valued at about $34,000. Aster Capital Management DIFC Ltd raised its holdings 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 acquiring an additional 115 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings 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 acquiring an additional 354 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Hawkins in the 3rd quarter valued at about $79,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Hawkins in the 3rd quarter valued at about $102,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Stock Performance

Shares of NASDAQ HWKN opened at $152.96 on Wednesday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 2.81 and a beta of 0.81. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. Hawkins, Inc. has a 1-year low of $117.98 and a 1-year high of $186.15. The stock’s 50-day moving average is $154.06 and its 200 day moving average is $145.89.

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

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a $0.19 dividend. 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, May 29th. Hawkins’s payout ratio is 19.44%.

Analysts Set New Price Targets

HWKN has been the topic of several recent analyst reports. Weiss Ratings raised Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. BWS Financial reissued a “buy” rating and set a $200.00 price objective on shares of Hawkins in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Hawkins currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.