Moran Wealth Management LLC Buys 22,292 Shares of Hawkins, Inc. $HWKN

Moran Wealth Management LLC boosted its stake in Hawkins, Inc. (NASDAQ:HWKN) by 479.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,944 shares of the specialty chemicals company’s stock after buying an additional 22,292 shares during the quarter. Moran Wealth Management LLC owned approximately 0.13% of Hawkins worth $4,139,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in shares of Hawkins during the fourth quarter valued at $29,000. MBM Wealth Consultants LLC acquired a new stake in shares of Hawkins during the 1st quarter worth about $33,000. Sound Income Strategies LLC acquired a new stake in shares of Hawkins during the 4th quarter worth about $34,000. Simplex Trading LLC lifted its holdings in Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Hawkins during the 3rd quarter valued at about $79,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Performance

Hawkins stock opened at $138.49 on Friday. The stock has a 50-day simple moving average of $158.44 and a 200 day simple moving average of $151.11. The company has a quick ratio of 1.46, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hawkins, Inc. has a 12-month low of $117.98 and a 12-month high of $186.15. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 2.50 and a beta of 0.78.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The company had revenue of $265.91 million for the quarter, compared to the consensus estimate of $255.28 million. Hawkins had a return on equity of 16.08% and a net margin of 7.53%. On average, research analysts anticipate that Hawkins, Inc. will post 4.27 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Hawkins’s dividend payout ratio is presently 19.44%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BWS Financial reaffirmed a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research note on Monday, March 23rd. Barclays set a $170.00 target price on shares of Hawkins and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Weiss Ratings raised Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $185.00.

About Hawkins

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.