Envestnet Asset Management Inc. Increases Position in Hawkins, Inc. (NASDAQ:HWKN)

Envestnet Asset Management Inc. grew its stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 88.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,377 shares of the specialty chemicals company's stock after acquiring an additional 6,280 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Hawkins worth $1,641,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Hawkins by 155.4% in the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 216 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Hawkins by 262.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock valued at $55,000 after buying an additional 320 shares in the last quarter. KBC Group NV increased its position in shares of Hawkins by 37.0% during the fourth quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after purchasing an additional 256 shares in the last quarter. Longboard Asset Management LP purchased a new stake in shares of Hawkins during the fourth quarter worth approximately $212,000. Finally, Cibc World Markets Corp acquired a new position in Hawkins during the fourth quarter worth $222,000. Institutional investors own 69.71% of the company's stock.

Hawkins Trading Down 0.9 %

Shares of HWKN opened at $123.40 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. The firm has a 50 day simple moving average of $109.91 and a 200-day simple moving average of $117.38. Hawkins, Inc. has a 1-year low of $71.98 and a 1-year high of $139.55. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 3.80 and a beta of 0.82.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Equities analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 0.58%. Hawkins's payout ratio is 18.37%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HWKN. CJS Securities assumed coverage on Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price target on the stock. BWS Financial upgraded shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price objective for the company in a research report on Monday, April 14th.

About Hawkins

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.

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