Deutsche Bank AG Raises Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Deutsche Bank AG grew its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 48.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,756 shares of the specialty chemicals company's stock after purchasing an additional 5,785 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Hawkins worth $2,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wasatch Advisors LP purchased a new position in shares of Hawkins in the 4th quarter worth approximately $42,466,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Hawkins by 487.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 254,837 shares of the specialty chemicals company's stock worth $31,260,000 after purchasing an additional 211,472 shares during the period. Raymond James Financial Inc. bought a new position in shares of Hawkins in the 4th quarter worth $13,087,000. Cerity Partners LLC increased its position in shares of Hawkins by 900.2% during the fourth quarter. Cerity Partners LLC now owns 82,576 shares of the specialty chemicals company's stock worth $10,166,000 after purchasing an additional 74,320 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Hawkins by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock valued at $18,353,000 after buying an additional 57,179 shares in the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday. CJS Securities began coverage on Hawkins in a research note on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price objective for the company. Finally, BWS Financial restated a "buy" rating and set a $160.00 price target on shares of Hawkins in a research report on Thursday, May 15th.

Hawkins Stock Performance

Shares of HWKN stock traded down $0.51 during trading hours on Wednesday, hitting $133.05. The stock had a trading volume of 22,852 shares, compared to its average volume of 129,512. The stock's 50 day moving average is $117.47 and its 200 day moving average is $117.78. Hawkins, Inc. has a twelve month low of $83.88 and a twelve month high of $139.55. The firm has a market capitalization of $2.77 billion, a PE ratio of 33.94, a PEG ratio of 3.80 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $245.32 million during the quarter, compared to analysts' expectations of $230.69 million. Hawkins had a net margin of 8.60% and a return on equity of 18.95%. As a group, research analysts forecast that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, May 30th. Hawkins's dividend payout ratio is currently 17.82%.

Hawkins Company 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.