Wesbanco Bank Inc. Acquires New Position in Hawkins, Inc. (NASDAQ:HWKN)

Posted by Defense World Staff on Mar 28th, 2023

Wesbanco Bank Inc. acquired a new stake in Hawkins, Inc. (NASDAQ:HWKN – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,450 shares of the specialty chemicals company’s stock, valued at approximately $481,000. Wesbanco Bank Inc. owned 0.06% of Hawkins at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Lazard Asset Management LLC increased its stake in Hawkins by 1,196.5% in the third quarter. Lazard Asset Management LLC now owns 1,115 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 1,029 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in Hawkins in the third quarter valued at approximately $48,000. Captrust Financial Advisors increased its stake in Hawkins by 66.6% in the first quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 626 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Hawkins by 17.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the specialty chemicals company’s stock valued at $98,000 after purchasing an additional 369 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Hawkins by 16.6% in the second quarter. Mutual of America Capital Management LLC now owns 3,156 shares of the specialty chemicals company’s stock valued at $114,000 after purchasing an additional 449 shares in the last quarter. 59.66% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Stock Up 2.0 %

Shares of NASDAQ:HWKN opened at $42.81 on Tuesday. Hawkins, Inc. has a 52 week low of $33.31 and a 52 week high of $48.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.63 and a current ratio of 2.83. The company has a market capitalization of $901.15 million, a PE ratio of 15.23 and a beta of 0.82. The company has a 50 day moving average price of $40.70 and a two-hundred day moving average price of $40.46.

Hawkins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Friday, February 17th were given a dividend of $0.15 per share. This is an increase from Hawkins’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.40%. Hawkins’s dividend payout ratio is currently 21.35%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Hawkins in a research note on Thursday, March 16th. They issued a “hold” rating for the company.

About Hawkins

(Get Rating)

Hawkins, Inc engages in the distribution, blending, and manufacture of chemicals and specialty ingredients for a wide variety of industries. It operates through the following segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment provides industrial chemicals, products, and services to the agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.

Wesbanco Bank Inc. Acquires New Position in Hawkins, Inc. (NASDAQ:HWKN)

Hawkins Stock Up 2.0 %

Hawkins Increases Dividend

Wall Street Analyst Weigh In

About Hawkins

Further Reading

You might be interested in: