NorthRock Partners LLC Has $4.92 Million Stake in Hawkins, Inc. (NASDAQ:HWKN)

Key Points

• NorthRock Partners LLC increased its ownership in Hawkins, Inc. by 4.0%, acquiring an additional 1,771 shares, bringing its total holdings to 46,476 shares valued at approximately $4.92 million.
• The company reported a quarterly earnings per share (EPS) of $0.78, exceeding analysts' expectations of $0.74, along with revenue of $245.32 million for the quarter.
• A recent dividend of $0.18 per share was declared, resulting in an annualized dividend of $0.72 and a yield of 0.45%.

NorthRock Partners LLC boosted its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,476 shares of the specialty chemicals company's stock after acquiring an additional 1,771 shares during the quarter. NorthRock Partners LLC owned approximately 0.22% of Hawkins worth $4,923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWKN. Commonwealth Equity Services LLC grew its holdings in Hawkins by 118.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,603 shares of the specialty chemicals company's stock valued at $687,000 after purchasing an additional 3,034 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Hawkins during the fourth quarter valued at approximately $503,000. JPMorgan Chase & Co. grew its holdings in Hawkins by 61.9% during the fourth quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock valued at $18,353,000 after purchasing an additional 57,179 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Hawkins by 3.0% during the fourth quarter. Alliancebernstein L.P. now owns 20,284 shares of the specialty chemicals company's stock valued at $2,488,000 after purchasing an additional 592 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in Hawkins during the fourth quarter valued at approximately $950,000. Institutional investors own 69.71% of the company's stock.

Hawkins Stock Performance

Shares of NASDAQ HWKN traded down $4.45 during trading hours on Friday, reaching $158.83. The stock had a trading volume of 227,487 shares, compared to its average volume of 212,289. The business's fifty day moving average is $146.20 and its two-hundred day moving average is $124.57. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.31 and a quick ratio of 1.37. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 2.78 and a beta of 0.81. Hawkins, Inc. has a twelve month low of $98.30 and a twelve month high of $171.67.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.07. The firm had revenue of $293.27 million for the quarter, compared to analysts' expectations of $278.76 million. Hawkins had a return on equity of 18.35% and a net margin of 8.37%. As a group, research 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 given a $0.19 dividend. The ex-dividend date is Friday, August 15th. This is a positive change from Hawkins's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. Hawkins's dividend payout ratio is 17.73%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HWKN. Raymond James Financial began coverage on Hawkins in a research report on Thursday, July 24th. They issued a "market perform" rating for the company. Wall Street Zen cut Hawkins from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, BWS Financial increased their price objective on Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Friday.

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.