GW&K Investment Management LLC Purchases 6,832 Shares of Hawkins, Inc. (NASDAQ:HWKN)

GW&K Investment Management LLC lifted its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,327 shares of the specialty chemicals company's stock after acquiring an additional 6,832 shares during the period. GW&K Investment Management LLC owned about 1.05% of Hawkins worth $23,337,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HWKN. Whittier Trust Co. of Nevada Inc. increased its position in shares of Hawkins by 118.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company's stock worth $30,000 after acquiring an additional 152 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Hawkins in the fourth quarter worth approximately $34,000. NewEdge Advisors LLC purchased a new position in shares of Hawkins in the fourth quarter worth approximately $53,000. GAMMA Investing LLC increased its position 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 acquiring an additional 90 shares in the last quarter. Finally, Whittier Trust Co. increased its position 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 acquiring an additional 309 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Stock Up 0.9%

NASDAQ HWKN traded up $1.40 during trading on Tuesday, reaching $161.15. The company's stock had a trading volume of 171,509 shares, compared to its average volume of 133,728. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.36 billion, a PE ratio of 39.54, a PEG ratio of 2.67 and a beta of 0.85. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $165.87. The business has a 50-day moving average price of $138.94 and a 200-day moving average price of $121.63.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share (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 during the quarter, compared to analyst estimates of $230.69 million. On average, 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 was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, May 30th. Hawkins's payout ratio is presently 17.82%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HWKN. CJS Securities assumed coverage on shares of Hawkins in a research report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 target price on the stock. Wall Street Zen downgraded shares of Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, BWS Financial reaffirmed a "buy" rating and set a $160.00 price objective on shares of Hawkins in a research report on Thursday, May 15th.

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.