DekaBank Deutsche Girozentrale Buys 9,316 Shares of Hawkins, Inc. (NASDAQ:HWKN)

DekaBank Deutsche Girozentrale boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 355.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,934 shares of the specialty chemicals company's stock after acquiring an additional 9,316 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.06% of Hawkins worth $1,257,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. bought a new position in shares of Hawkins during the 4th quarter worth approximately $34,000. NewEdge Advisors LLC acquired a new stake in Hawkins during the 4th quarter valued at $53,000. GAMMA Investing LLC boosted its position in Hawkins by 20.4% during 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 period. TD Private Client Wealth LLC increased its holdings in shares of Hawkins by 40.0% in the first quarter. TD Private Client Wealth LLC now owns 661 shares of the specialty chemicals company's stock valued at $70,000 after purchasing an additional 189 shares during the last quarter. Finally, Defined Financial Planning LLC bought a new position in shares of Hawkins in the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HWKN shares. BWS Financial restated a "buy" rating and set a $160.00 target price on shares of Hawkins in a research note on Thursday, May 15th. CJS Securities assumed coverage on shares of Hawkins in a research report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price objective for the company. Finally, Wall Street Zen cut Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Hawkins Stock Performance

NASDAQ HWKN traded up $1.16 on Tuesday, reaching $159.22. The stock had a trading volume of 25,675 shares, compared to its average volume of 133,074. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 1.37. The company has a market cap of $3.32 billion, a P/E ratio of 39.45, a price-to-earnings-growth ratio of 2.59 and a beta of 0.85. The firm has a fifty day moving average of $134.88 and a two-hundred day moving average of $120.33. Hawkins, Inc. has a 1-year low of $98.08 and a 1-year high of $160.33.

Hawkins (NASDAQ:HWKN - Get Free Report) last released 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. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. 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 anticipate that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.45%. Hawkins's 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.