State of Alaska Department of Revenue Raises Holdings in Hawkins, Inc. $HWKN

State of Alaska Department of Revenue grew its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,270 shares of the specialty chemicals company’s stock after purchasing an additional 717 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of Hawkins worth $1,600,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group grew its position in shares of Hawkins by 533.3% during the first quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 224 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Hawkins by 118.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 280 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Hawkins during the first quarter valued at about $42,000. Russell Investments Group Ltd. purchased a new position in shares of Hawkins during the first quarter valued at about $52,000. Finally, GAMMA Investing LLC grew its stake in shares of Hawkins by 20.4% in the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock worth $56,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Trading Up 0.5%

NASDAQ HWKN opened at $182.88 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.82 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 2.58 and a beta of 0.84. The company has a 50 day moving average price of $171.87 and a 200 day moving average price of $144.30. Hawkins, Inc. has a 52 week low of $98.30 and a 52 week high of $185.50.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. The firm had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. Hawkins had a net margin of 8.37% and a return on equity of 18.35%. As a group, sell-side analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis 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 currently 18.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HWKN shares. Raymond James Financial started coverage on shares of Hawkins in a research note on Thursday, July 24th. They issued a “market perform” rating for the company. Zacks Research cut shares of Hawkins from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Hawkins in a research note on Saturday, September 27th. Wall Street Zen cut shares of Hawkins from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, BWS Financial lifted their price objective on shares of Hawkins from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.50.

Hawkins Company 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.