Norden Group LLC Makes New $316,000 Investment in Hawkins, Inc. $HWKN

Key Points

• Norden Group LLC invested approximately $316,000 in Hawkins, Inc. by acquiring 2,222 shares during the second quarter, marking a growing interest in the specialty chemicals company.
• Hawkins reported an earnings per share (EPS) of $1.40 for the last quarter, exceeding estimates, with revenues of $293.27 million, indicating strong financial performance.
• Hawkins recently increased its quarterly dividend from $0.18 to $0.19 per share, representing an annualized payout of $0.76 and a yield of 0.4%.

Norden Group LLC bought a new position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,222 shares of the specialty chemicals company's stock, valued at approximately $316,000.

Several other large investors have also recently modified their holdings of HWKN. Brooklyn Investment Group boosted its stake in Hawkins by 533.3% in the 1st quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 224 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Hawkins by 118.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 152 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Hawkins in the first quarter worth about $42,000. Russell Investments Group Ltd. bought a new position in shares of Hawkins in the first quarter worth approximately $52,000. Finally, GAMMA Investing LLC boosted its stake 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 purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company's stock.

Hawkins Price Performance

Shares of Hawkins stock opened at $176.97 on Friday. The stock has a market cap of $3.70 billion, a P/E ratio of 43.59, a P/E/G ratio of 2.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31. The stock's fifty day moving average is $169.69 and its 200 day moving average is $141.72. Hawkins, Inc. has a one year low of $98.30 and a one year high of $185.50.

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

Hawkins Increases Dividend

The firm also recently announced 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 a boost from Hawkins's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.76 annualized dividend and a yield of 0.4%. Hawkins's dividend payout ratio is 18.72%.

Analyst Ratings Changes

HWKN has been the subject of several recent analyst reports. Zacks Research cut Hawkins from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Raymond James Financial initiated coverage on Hawkins in a report on Thursday, July 24th. They issued a "market perform" rating for the company. BWS Financial upped their target price on shares of Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Hawkins currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.50.

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.

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