2,335 Shares in Hawkins, Inc. $HWKN Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in Hawkins, Inc. (NASDAQ:HWKN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,335 shares of the specialty chemicals company’s stock, valued at approximately $332,000.

A number of other large investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in Hawkins by 13.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 51,792 shares of the specialty chemicals company’s stock worth $7,467,000 after purchasing an additional 6,193 shares during the period. Index Fund Advisors Inc. purchased a new position in Hawkins in the 2nd quarter worth approximately $401,000. KLP Kapitalforvaltning AS increased its stake in Hawkins by 4.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 4,300 shares of the specialty chemicals company’s stock worth $611,000 after purchasing an additional 200 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Hawkins by 35.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 473,752 shares of the specialty chemicals company’s stock worth $67,320,000 after purchasing an additional 123,030 shares during the period. Finally, Consolidated Planning Corp increased its stake in Hawkins by 9.9% in the 2nd quarter. Consolidated Planning Corp now owns 7,050 shares of the specialty chemicals company’s stock worth $1,002,000 after purchasing an additional 635 shares during the period. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Trading Up 0.3%

Shares of NASDAQ:HWKN opened at $163.72 on Wednesday. The company has a market cap of $3.42 billion, a P/E ratio of 40.33, a PEG ratio of 2.31 and a beta of 0.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.31 and a quick ratio of 1.45. Hawkins, Inc. has a 1 year low of $98.30 and a 1 year high of $186.15. The stock’s fifty day moving average price is $172.44 and its 200-day moving average price is $149.89.

Hawkins (NASDAQ:HWKN) last announced its quarterly 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 firm had revenue of $293.27 million for the quarter, compared to the consensus estimate of $278.76 million. Hawkins had a return on equity of 18.35% and a net margin of 8.37%. Sell-side analysts expect that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. 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 (DPR) is currently 18.72%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HWKN. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hawkins in a research note on Tuesday, October 14th. Raymond James Financial assumed coverage on Hawkins in a research note on Thursday, July 24th. They set a “market perform” rating on the stock. BWS Financial boosted their target price 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. Finally, Zacks Research cut Hawkins from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Hawkins currently has an average rating of “Moderate Buy” and an average price target 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.