Hawkins, Inc. HWKN has expanded its Water Treatment business in Florida by acquiring the assets of Dave Symonds & Associates, Inc. The tuck-in acquisition strengthens Hawkins’ customer reach in Florida and supports the company’s strategy to grow this segment.
Dave Symonds distributes water treatment products, primarily blended phosphates used for corrosion control and sequestration, to water treatment customers in Florida. The company has built a loyal customer base, which Hawkins expects to continue supporting following the acquisition. The acquisition is therefore expected to help Hawkins expand its presence among water treatment customers in Florida while continuing to serve the existing customer base.
Acquisitions, a part of Hawkins’ Water Treatment segment growth strategy, provided $6.9 million in added sales in the first quarter of fiscal 2027. Continued growth in the company’s legacy product lines also contributed to the increase. Another significant step towards the achievement of the company’s broader goal is the purchase of Aqua-Chem, Inc., a distributor of water treatment products mainly in Nebraska and Iowa.
HWKN shares have lost 24.9% in the past year against the industry’s 0.9% decline.
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HWKN’s Zacks Rank & Key Picks
HWKN currently carries a Zacks Rank #4 (Sell)
Some better-ranked stocks in the Basic Materials space are Neo Performance Materials Inc. NOPMF, Carpenter Technology Corporation CRS and Avient Corporation AVNT.
While NOPMF currently sports a Zacks Rank #1 (Strong Buy), CRS and AVNT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NOPMF’s 2026 earnings is pegged at $1.4 per share, indicating a 185.71% year-over-year increase. NOPMF’sshares have gained 84.1% over the past year.
The Zacks Consensus Estimate for CRS’ fiscal 2027 earnings is pegged at $12.92 per share, indicating a rise of 20.07% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.39%.
The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’sshares have gained 17.4% over the past year.
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Hawkins, Inc. (HWKN): Free Stock Analysis Report
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Avient Corporation (AVNT): Free Stock Analysis Report
Neo Performance Materials Inc. (NOPMF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).