Hawkins, Inc. (NASDAQ:HWKN) Shares Bought by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in Hawkins, Inc. by 8.3% during the first quarter, now owning approximately $12.16 million worth of shares.
• Hawkins reported $0.78 earnings per share for its latest quarter, exceeding analyst estimates of $0.74, with revenues of $245.32 million.
• Institutional investors own 69.71% of Hawkins's stock, indicating a strong interest in the company's financial performance and stability.

Royce & Associates LP grew its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,812 shares of the specialty chemicals company's stock after purchasing an additional 8,785 shares during the period. Royce & Associates LP owned about 0.55% of Hawkins worth $12,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its holdings in shares of Hawkins by 118.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,603 shares of the specialty chemicals company's stock valued at $687,000 after acquiring an additional 3,034 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Hawkins during the 4th quarter worth approximately $503,000. JPMorgan Chase & Co. lifted its position in Hawkins by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock worth $18,353,000 after acquiring an additional 57,179 shares during the period. Alliancebernstein L.P. lifted its position in Hawkins by 3.0% during the 4th quarter. Alliancebernstein L.P. now owns 20,284 shares of the specialty chemicals company's stock worth $2,488,000 after acquiring an additional 592 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Hawkins in the 4th quarter valued at approximately $950,000. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HWKN has been the subject of several recent analyst reports. CJS Securities initiated coverage on Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price target for the company. BWS Financial reaffirmed a "buy" rating and set a $160.00 price objective on shares of Hawkins in a report on Thursday, May 15th. Wall Street Zen cut Hawkins from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Raymond James Financial assumed coverage on Hawkins in a report on Thursday. They set a "market perform" rating for the company.

Hawkins Price Performance

HWKN stock traded up $3.39 during midday trading on Monday, hitting $161.78. 418,375 shares of the stock were exchanged, compared to its average volume of 146,883. The stock's 50-day moving average price is $142.84 and its 200-day moving average price is $123.03. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.70 and a beta of 0.85. Hawkins, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $165.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.37 and a current ratio of 2.15.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. The business had revenue of $245.32 million during the quarter, compared to the consensus estimate of $230.69 million. Research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Friday, May 30th. Hawkins's dividend payout ratio (DPR) is presently 17.82%.

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.