DekaBank Deutsche Girozentrale Increases Stock Position in Hawkins, Inc. (NASDAQ:HWKN)

DekaBank Deutsche Girozentrale lifted its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 355.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,934 shares of the specialty chemicals company's stock after buying an additional 9,316 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.06% of Hawkins worth $1,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HWKN. TD Private Client Wealth LLC increased its position in Hawkins by 40.0% during the 1st quarter. TD Private Client Wealth LLC now owns 661 shares of the specialty chemicals company's stock valued at $70,000 after buying an additional 189 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Hawkins by 2.4% during the first quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company's stock worth $10,781,000 after acquiring an additional 2,365 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Hawkins by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company's stock valued at $4,942,000 after acquiring an additional 1,298 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Hawkins by 157,110.0% in the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company's stock valued at $9,991,000 after purchasing an additional 94,266 shares during the last quarter. Finally, Consolidated Planning Corp acquired a new stake in Hawkins in the 1st quarter worth approximately $679,000. Hedge funds and other institutional investors own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

HWKN has been the topic of a number of recent analyst reports. BWS Financial restated a "buy" rating and set a $160.00 price target on shares of Hawkins in a research note on Thursday, May 15th. Wall Street Zen downgraded Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, CJS Securities initiated coverage on Hawkins in a research report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price target for the company.

Hawkins Price Performance

HWKN traded up $3.73 during trading on Thursday, hitting $163.59. The company's stock had a trading volume of 196,910 shares, compared to its average volume of 133,719. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.67 and a beta of 0.85. Hawkins, Inc. has a twelve month low of $98.30 and a twelve month high of $165.76. The business's fifty day simple moving average is $138.10 and its 200 day simple moving average is $121.36. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.30.

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

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.44%. Hawkins's dividend payout ratio is presently 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.