Oliver Luxxe Assets LLC Invests $2.09 Million in Hawkins, Inc. $HWKN

Key Points

• Oliver Luxxe Assets LLC acquired 14,695 shares of Hawkins, Inc. valued at approximately $2.09 million, representing a 0.07% ownership stake in the company.
• Hawkins, Inc. recently declared an increased quarterly dividend of $0.19, up from the previous $0.18, with an annualized dividend yield of 0.4%.
• Several analysts have updated their ratings for Hawkins, with BWS Financial raising the target price from $160.00 to $200.00 and maintaining a "buy" rating.

Oliver Luxxe Assets LLC bought a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,695 shares of the specialty chemicals company's stock, valued at approximately $2,088,000. Oliver Luxxe Assets LLC owned approximately 0.07% of Hawkins as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Caitlin John LLC lifted its stake in Hawkins by 51.0% in the 2nd quarter. Caitlin John LLC now owns 6,679 shares of the specialty chemicals company's stock valued at $949,000 after acquiring an additional 2,255 shares in the last quarter. GAMMA Investing LLC lifted its stake in Hawkins by 24.1% in the 2nd quarter. GAMMA Investing LLC now owns 659 shares of the specialty chemicals company's stock valued at $94,000 after acquiring an additional 128 shares in the last quarter. Annex Advisory Services LLC lifted its stake in Hawkins by 4.2% in the 2nd quarter. Annex Advisory Services LLC now owns 25,341 shares of the specialty chemicals company's stock valued at $3,601,000 after acquiring an additional 1,029 shares in the last quarter. Longboard Asset Management LP bought a new stake in Hawkins in the 2nd quarter valued at approximately $245,000. Finally, Focus Financial Network Inc. lifted its stake in Hawkins by 5.7% in the 2nd quarter. Focus Financial Network Inc. now owns 2,199 shares of the specialty chemicals company's stock valued at $312,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HWKN shares. BWS Financial raised their price target on Hawkins from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Wall Street Zen cut Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Zacks Research upgraded Hawkins to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Raymond James Financial started coverage on Hawkins in a research note on Thursday, July 24th. They set a "market perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $162.50.

Hawkins Stock Performance

HWKN stock traded down $1.57 during trading hours on Monday, hitting $172.17. 112,238 shares of the stock were exchanged, compared to its average volume of 146,868. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $3.59 billion, a P/E ratio of 42.41, a P/E/G ratio of 2.46 and a beta of 0.86. The company has a 50-day simple moving average of $168.77 and a two-hundred day simple moving average of $140.37. Hawkins, Inc. has a 12 month low of $98.30 and a 12 month high of $185.50.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share for the quarter, topping the consensus estimate 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%. On average, analysts forecast that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, August 15th. This is a positive change from Hawkins's previous quarterly dividend of $0.18. Hawkins's dividend payout ratio (DPR) is 18.72%.

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.