Consolidated Planning Corp Purchases Shares of 6,415 Hawkins, Inc. (NASDAQ:HWKN)

Consolidated Planning Corp acquired a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,415 shares of the specialty chemicals company's stock, valued at approximately $679,000.

Other large investors have also recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new stake in Hawkins during the 1st quarter valued at $1,569,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Hawkins by 37.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 350,722 shares of the specialty chemicals company's stock valued at $37,148,000 after acquiring an additional 95,885 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hawkins by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,327 shares of the specialty chemicals company's stock valued at $988,000 after acquiring an additional 239 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Hawkins during the 1st quarter worth about $1,287,000. Finally, GAMMA Investing LLC raised its stake in Hawkins by 20.4% in the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock valued at $56,000 after purchasing an additional 90 shares during the last quarter. 69.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. CJS Securities initiated coverage on shares of Hawkins in a research note on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price target on the stock. BWS Financial reissued a "buy" rating and set a $160.00 price objective on shares of Hawkins in a research note on Thursday, May 15th. Finally, Wall Street Zen raised shares of Hawkins from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st.

Hawkins Trading Up 2.2%

Hawkins stock traded up $3.16 during trading on Friday, hitting $143.95. The company's stock had a trading volume of 302,137 shares, compared to its average volume of 129,233. The stock's fifty day moving average is $128.71 and its 200 day moving average is $118.64. Hawkins, Inc. has a 1-year low of $87.24 and a 1-year high of $147.22. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 2.32 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.37 and a current ratio of 2.15.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $245.32 million during the quarter, compared to analysts' expectations of $230.69 million. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. As a group, equities research analysts predict that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, May 30th. Hawkins's dividend payout ratio is currently 17.82%.

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.