GW&K Investment Management LLC increased its stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,327 shares of the specialty chemicals company's stock after buying an additional 6,832 shares during the quarter. GW&K Investment Management LLC owned about 1.05% of Hawkins worth $23,337,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. acquired a new position in Hawkins during the 4th quarter worth $34,000. Whittier Trust Co. of Nevada Inc. boosted its position in Hawkins by 118.8% during the 1st 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 during the period. NewEdge Advisors LLC acquired a new position in Hawkins during the 4th quarter worth $53,000. GAMMA Investing LLC boosted its position in Hawkins by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock worth $56,000 after acquiring an additional 90 shares during the period. Finally, Whittier Trust Co. boosted its position in Hawkins by 101.3% during the 1st quarter. Whittier Trust Co. now owns 614 shares of the specialty chemicals company's stock worth $65,000 after acquiring an additional 309 shares during the period. 69.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
HWKN has been the subject of several research analyst reports. Raymond James Financial initiated coverage on Hawkins in a report on Thursday. They issued a "market perform" rating for the company. Wall Street Zen lowered Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. BWS Financial restated a "buy" rating and issued a $160.00 price objective on shares of Hawkins in a report on Thursday, May 15th. Finally, CJS Securities initiated coverage on Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company.
View Our Latest Stock Analysis on HWKN
Hawkins Trading Down 2.9%
Shares of NASDAQ HWKN traded down $4.60 during mid-day trading on Thursday, hitting $155.06. 309,625 shares of the company traded hands, compared to its average volume of 143,873. Hawkins, Inc. has a 1 year low of $98.30 and a 1 year high of $165.87. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 2.69 and a beta of 0.85. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average of $140.60 and a two-hundred day moving average of $122.16.
Hawkins (NASDAQ:HWKN - Get Free Report) last announced its 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. The business had revenue of $245.32 million during the quarter, compared to the consensus estimate of $230.69 million. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. On average, sell-side analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.
Hawkins Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Friday, May 30th. Hawkins's payout ratio is 17.82%.
About Hawkins
(
Free Report)
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.
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