Hawkins, Inc. (NASDAQ:HWKN) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 291.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,100 shares of the specialty chemicals company's stock after acquiring an additional 64,110 shares during the quarter. Millennium Management LLC owned approximately 0.41% of Hawkins worth $10,562,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after acquiring an additional 216 shares during the period. NewEdge Advisors LLC purchased a new stake in Hawkins in the fourth quarter worth about $53,000. Smartleaf Asset Management LLC lifted its stake in Hawkins by 262.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 320 shares during the period. KBC Group NV lifted its stake in Hawkins by 37.0% in the fourth quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after acquiring an additional 256 shares during the period. Finally, Defined Financial Planning LLC purchased a new stake in Hawkins in the fourth quarter worth about $205,000. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Stock Down 1.4%

Hawkins stock traded down $1.93 during trading hours on Thursday, reaching $132.09. The stock had a trading volume of 32,171 shares, compared to its average volume of 129,875. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 33.70, 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. The business's 50 day moving average price is $118.03 and its 200-day moving average price is $117.89. Hawkins, Inc. has a 52 week low of $83.88 and a 52 week high of $139.55.

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, topping analysts' consensus estimates of $0.74 by $0.04. Hawkins had a net margin of 8.60% and a return on equity of 18.95%. The business had revenue of $245.32 million during the quarter, compared to the consensus estimate of $230.69 million. Sell-side analysts anticipate that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.55%. Hawkins's dividend payout ratio (DPR) is currently 17.82%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BWS Financial reaffirmed a "buy" rating and issued a $160.00 price objective on shares of Hawkins in a research note on Thursday, May 15th. CJS Securities assumed coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 target price for the company. Finally, Wall Street Zen downgraded shares of Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, May 24th.

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.