OneDigital Investment Advisors LLC Invests $575,000 in Hawkins, Inc. $HWKN

OneDigital Investment Advisors LLC acquired a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,043 shares of the specialty chemicals company’s stock, valued at approximately $575,000.

A number of other large investors also recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in Hawkins in the 2nd quarter worth approximately $223,000. Bank of New York Mellon Corp bought a new position in Hawkins during the second quarter valued at approximately $20,071,000. State of Wyoming purchased a new position in shares of Hawkins during the second quarter worth approximately $442,000. GSA Capital Partners LLP purchased a new position in shares of Hawkins during the second quarter worth approximately $588,000. Finally, Summit Global Investments bought a new stake in shares of Hawkins in the 2nd quarter worth approximately $227,000. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Trading Down 5.1%

Shares of HWKN opened at $124.80 on Wednesday. The firm’s 50-day moving average price is $142.41 and its 200-day moving average price is $147.95. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.70 and a beta of 0.79. The company has a current ratio of 2.27, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. Hawkins, Inc. has a 1-year low of $117.98 and a 1-year high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, July 29th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.04). The firm had revenue of $315.68 million during the quarter, compared to the consensus estimate of $313.42 million. Hawkins had a return on equity of 15.42% and a net margin of 7.29%. Sell-side analysts anticipate that Hawkins, Inc. will post 4.04 EPS for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. Hawkins’s dividend payout ratio is currently 20.73%.

Analyst Upgrades and Downgrades

HWKN has been the topic of a number of analyst reports. Barclays set a $142.00 target price on shares of Hawkins and gave the stock an “equal weight” rating in a research report on Friday, July 31st. BWS Financial reaffirmed a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research note on Monday, August 3rd. Weiss Ratings downgraded Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Finally, Zacks Research lowered Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $171.00.

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.