Kopp Family Office LLC Buys 13,767 Shares of Hawkins, Inc. $HWKN

Key Points

• Kopp Family Office LLC increased its stake in Hawkins, Inc. by 92.5% during the second quarter, acquiring an additional 13,767 shares and holding a total of 28,658 shares now worth approximately $4.07 million.
• Hawkins, Inc. recently reported a quarterly earnings per share (EPS) of $1.40, exceeding expectations by $0.07, with revenue of $293.27 million, also above forecasts.
• The company's board approved an increase in its quarterly dividend from $0.18 to $0.19 per share, reflecting a commitment to returning value to shareholders.

Kopp Family Office LLC lifted its stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 92.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,658 shares of the specialty chemicals company's stock after acquiring an additional 13,767 shares during the period. Hawkins makes up about 2.6% of Kopp Family Office LLC's investment portfolio, making the stock its 15th largest holding. Kopp Family Office LLC owned about 0.14% of Hawkins worth $4,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Hawkins by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company's stock valued at $10,781,000 after acquiring an additional 2,365 shares during the period. Bessemer Group Inc. raised its stake in Hawkins by 157,110.0% in the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company's stock worth $9,991,000 after purchasing an additional 94,266 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Hawkins by 111.1% during the 1st quarter. Bridges Investment Management Inc. now owns 9,289 shares of the specialty chemicals company's stock worth $984,000 after acquiring an additional 4,888 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Hawkins by 2.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company's stock worth $4,942,000 after acquiring an additional 1,298 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in shares of Hawkins during the 1st quarter worth approximately $244,000. Institutional investors own 69.71% of the company's stock.

Hawkins Price Performance

Shares of NASDAQ:HWKN opened at $171.37 on Wednesday. The company has a 50 day moving average of $169.05 and a 200 day moving average of $140.58. The stock has a market cap of $3.58 billion, a P/E ratio of 42.21, a P/E/G ratio of 2.44 and a beta of 0.86. Hawkins, Inc. has a 12 month low of $98.30 and a 12 month high of $185.50. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07. The company had revenue of $293.27 million during the quarter, compared to analysts' expectations of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. As a group, sell-side analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.19 per share. This is an increase from Hawkins's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, August 15th. Hawkins's dividend payout ratio is presently 18.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HWKN. BWS Financial upped their price target on shares of Hawkins from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Zacks Research cut shares of Hawkins from a "strong-buy" rating to a "hold" rating in a research report on Monday. Wall Street Zen cut shares of Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Raymond James Financial initiated coverage on shares of Hawkins in a research report on Thursday, July 24th. They issued a "market perform" rating for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $162.50.

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.

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