Wealth Enhancement Advisory Services LLC Sells 107 Shares of Hawkins, Inc. $HWKN

Wealth Enhancement Advisory Services LLC lowered its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,220 shares of the specialty chemicals company’s stock after selling 107 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Hawkins were worth $1,406,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Longboard Asset Management LP bought a new stake in Hawkins during the 2nd quarter worth about $245,000. Focus Financial Network Inc. grew its position in shares of Hawkins by 5.7% during the 2nd quarter. Focus Financial Network Inc. now owns 2,199 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 119 shares during the period. Strs Ohio acquired a new stake in shares of Hawkins during the 1st quarter worth approximately $816,000. Intech Investment Management LLC raised its stake in shares of Hawkins by 8.4% during the first quarter. Intech Investment Management LLC now owns 39,511 shares of the specialty chemicals company’s stock worth $4,185,000 after buying an additional 3,060 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Hawkins by 83.2% in the first quarter. Jane Street Group LLC now owns 38,416 shares of the specialty chemicals company’s stock valued at $4,069,000 after buying an additional 17,447 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on HWKN shares. BWS Financial lifted their target price 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 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 research note on Thursday, July 24th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen cut Hawkins from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Hawkins has an average rating of “Moderate Buy” and an average price target of $162.50.

Hawkins Stock Performance

Shares of Hawkins stock opened at $182.72 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.31 and a quick ratio of 1.45. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 45.01, a price-to-earnings-growth ratio of 2.51 and a beta of 0.86. The stock’s 50-day moving average is $170.47 and its 200-day moving average is $143.01. Hawkins, Inc. has a one year low of $98.30 and a one year high of $185.50.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The business had revenue of $293.27 million for the quarter, compared to analyst estimates of $278.76 million. Hawkins had a return on equity of 18.35% and a net margin of 8.37%. Equities analysts predict that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Hawkins’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, August 15th. Hawkins’s dividend payout ratio is 18.72%.

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.