Hawkins, Inc. (NASDAQ:HWKN) Shares Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC boosted its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 220,327 shares of the specialty chemicals company's stock after buying an additional 6,832 shares during the period. GW&K Investment Management LLC owned 1.05% of Hawkins worth $23,337,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Hawkins by 118.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 152 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in shares of Hawkins during the 4th quarter valued at about $34,000. NewEdge Advisors LLC purchased a new stake in shares of Hawkins during the 4th quarter valued at about $53,000. GAMMA Investing LLC raised its holdings in shares of Hawkins by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock valued at $56,000 after buying an additional 90 shares during the period. Finally, Whittier Trust Co. raised its holdings in shares of Hawkins by 101.3% during the 1st quarter. Whittier Trust Co. now owns 614 shares of the specialty chemicals company's stock valued at $65,000 after buying an additional 309 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. CJS Securities assumed coverage on Hawkins in a report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 target price on the stock. Wall Street Zen downgraded Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Raymond James Financial assumed coverage on Hawkins in a report on Thursday. They set a "market perform" rating on the stock. Finally, BWS Financial reiterated a "buy" rating and set a $160.00 target price on shares of Hawkins in a report on Thursday, May 15th.

Hawkins Stock Up 1.0%

NASDAQ HWKN traded up $1.60 during mid-day trading on Friday, reaching $156.57. 104,440 shares of the company's stock traded hands, compared to its average volume of 144,487. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 2.67 and a beta of 0.85. The company has a fifty day simple moving average of $142.12 and a 200-day simple moving average of $122.67. 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, Inc. has a 1-year low of $98.30 and a 1-year high of $165.87.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The company had revenue of $245.32 million during the quarter, compared to analyst estimates of $230.69 million. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. As a group, equities research analysts expect that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.46%. Hawkins's payout ratio is 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.