Annex Advisory Services LLC Raises Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Annex Advisory Services LLC raised its position in Hawkins, Inc. (NASDAQ:HWKN) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,072 shares of the specialty chemicals company’s stock after acquiring an additional 743 shares during the quarter. Annex Advisory Services LLC owned approximately 0.06% of Hawkins worth $1,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Hawkins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company’s stock worth $106,807,000 after purchasing an additional 62,224 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of Hawkins during the 1st quarter valued at about $31,504,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Hawkins by 16.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 118,017 shares of the specialty chemicals company’s stock valued at $9,064,000 after purchasing an additional 16,236 shares during the last quarter. Nordea Investment Management AB lifted its position in Hawkins by 116.9% in the first quarter. Nordea Investment Management AB now owns 104,537 shares of the specialty chemicals company’s stock worth $8,049,000 after buying an additional 56,330 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Hawkins by 5.6% during the first quarter. Principal Financial Group Inc. now owns 103,971 shares of the specialty chemicals company’s stock valued at $7,985,000 after buying an additional 5,545 shares during the period. Institutional investors own 69.71% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial lifted their target price on Hawkins from $74.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, May 17th.

Insider Buying and Selling at Hawkins

In related news, Director James A. Faulconbridge acquired 1,800 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was bought at an average cost of $87.56 per share, with a total value of $157,608.00. Following the transaction, the director now owns 40,517 shares of the company’s stock, valued at $3,547,668.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James A. Faulconbridge bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $86.47 per share, with a total value of $172,940.00. Following the transaction, the director now owns 44,017 shares of the company’s stock, valued at approximately $3,806,149.99. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James A. Faulconbridge acquired 1,800 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $87.56 per share, with a total value of $157,608.00. Following the transaction, the director now directly owns 40,517 shares of the company’s stock, valued at $3,547,668.52. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,100 shares of company stock worth $442,998 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Hawkins Price Performance

HWKN traded down $1.36 during midday trading on Friday, hitting $116.97. 120,045 shares of the company traded hands, compared to its average volume of 133,897. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 5.51 and a beta of 0.72. Hawkins, Inc. has a 52-week low of $50.18 and a 52-week high of $123.82. The business has a 50 day simple moving average of $97.60 and a two-hundred day simple moving average of $82.45. The company has a current ratio of 2.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, May 15th. The specialty chemicals company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The business had revenue of $223.02 million during the quarter, compared to analysts’ expectations of $217.49 million. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. On average, equities analysts forecast that Hawkins, Inc. will post 3.67 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 16th. This is an increase from Hawkins’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.62%. Hawkins’s dividend payout ratio is currently 20.06%.

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.