Allianz Asset Management GmbH Makes New $244,000 Investment in Hawkins, Inc. (NASDAQ:HWKN)

Allianz Asset Management GmbH purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,300 shares of the specialty chemicals company's stock, valued at approximately $244,000.

Several other institutional investors have also made changes to their positions in HWKN. Vermillion Wealth Management Inc. acquired a new position in shares of Hawkins during the fourth quarter worth $34,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Hawkins by 118.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 152 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Hawkins during the fourth quarter worth $53,000. GAMMA Investing LLC grew its stake in shares of Hawkins by 20.4% in the first quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock worth $56,000 after purchasing an additional 90 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Hawkins by 101.3% in the first quarter. Whittier Trust Co. now owns 614 shares of the specialty chemicals company's stock worth $65,000 after purchasing an additional 309 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors.

Hawkins Price Performance

Shares of NASDAQ HWKN traded down $0.13 during mid-day trading on Tuesday, reaching $168.93. 158,453 shares of the company were exchanged, compared to its average volume of 217,530. Hawkins, Inc. has a 52 week low of $98.30 and a 52 week high of $171.67. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $3.53 billion, a PE ratio of 41.61, a PEG ratio of 2.87 and a beta of 0.81. The company's 50 day moving average price is $147.01 and its 200 day moving average price is $125.14.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. The business had revenue of $293.27 million during the quarter, compared to the consensus estimate of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. Sell-side analysts forecast that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. This is a positive change from Hawkins's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, August 15th. Hawkins's payout ratio is currently 17.73%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HWKN. Raymond James Financial started coverage on shares of Hawkins in a research note on Thursday, July 24th. They issued a "market perform" rating on the stock. BWS Financial upped their price target on shares of Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Friday. Finally, Wall Street Zen lowered shares of Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Hawkins Profile

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.