King Luther Capital Management Corp Purchases 5,892 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Key Points

• King Luther Capital Management Corp increased its stake in Hawkins, Inc. by 6.6%, owning approximately 0.46% of the company, valued at around $10.1 million as of the latest SEC filing.
• Hawkins, Inc. announced a quarterly dividend increase to $0.19 per share, set to be paid on August 29th, up from the previous $0.18.
• Despite positive earnings results from Hawkins, several analysts downgraded the stock, with Wall Street Zen changing its rating from "buy" to "hold."

King Luther Capital Management Corp increased its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,272 shares of the specialty chemicals company's stock after purchasing an additional 5,892 shares during the quarter. King Luther Capital Management Corp owned approximately 0.46% of Hawkins worth $10,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. SkyOak Wealth LLC boosted its position in Hawkins by 3.8% during the 1st quarter. SkyOak Wealth LLC now owns 2,374 shares of the specialty chemicals company's stock valued at $251,000 after acquiring an additional 88 shares in the last quarter. 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 valued at $56,000 after acquiring an additional 90 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Hawkins by 5.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,023 shares of the specialty chemicals company's stock valued at $248,000 after acquiring an additional 99 shares in the last quarter. Mariner LLC boosted its position in Hawkins by 7.4% during the 4th quarter. Mariner LLC now owns 1,956 shares of the specialty chemicals company's stock valued at $240,000 after acquiring an additional 135 shares in the last quarter. Finally, 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 valued at $30,000 after acquiring an additional 152 shares in the last quarter. 69.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BWS Financial lifted their target price on shares of Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Zacks Research upgraded shares of Hawkins to a "strong-buy" rating in a report on Tuesday. Finally, Raymond James Financial assumed coverage on shares of Hawkins in a report on Thursday, July 24th. They set a "market perform" rating for the company. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.50.

Hawkins Stock Down 0.2%

Shares of HWKN stock traded down $0.31 during trading hours on Friday, hitting $171.99. 47,624 shares of the company's stock traded hands, compared to its average volume of 152,919. The stock's fifty day simple moving average is $153.74 and its two-hundred day simple moving average is $128.31. Hawkins, Inc. has a 12-month low of $98.30 and a 12-month high of $185.50. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 2.56 and a beta of 0.81. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.07. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. The company had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. On average, analysts expect that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, August 15th. This is an increase from Hawkins's previous quarterly dividend of $0.18. Hawkins's dividend payout ratio (DPR) is presently 17.73%.

Hawkins 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.