Hawkins, Inc. (NASDAQ:HWKN) Shares Purchased by Creative Planning

Creative Planning increased its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,324 shares of the specialty chemicals company’s stock after purchasing an additional 225 shares during the period. Creative Planning’s holdings in Hawkins were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWKN. Westwood Holdings Group Inc. acquired a new position in shares of Hawkins during the first quarter worth $31,504,000. American Century Companies Inc. lifted its position in Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after acquiring an additional 66,109 shares during the last quarter. Vanguard Group Inc. lifted its position in Hawkins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company’s stock valued at $106,807,000 after acquiring an additional 62,224 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 valued at $8,049,000 after acquiring an additional 56,330 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in Hawkins in the second quarter valued at $4,741,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Price Performance

Shares of HWKN opened at $133.98 on Friday. Hawkins, Inc. has a 1-year low of $53.64 and a 1-year high of $135.61. The stock has a market cap of $2.81 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.27 and a quick ratio of 1.44. The firm has a fifty day moving average price of $122.91 and a 200 day moving average price of $100.59.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. The business had revenue of $255.88 million during the quarter, compared to analysts’ expectations of $254.30 million. As a group, sell-side analysts anticipate that Hawkins, Inc. will post 4.14 EPS for the current year.

Hawkins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.54%. This is a boost from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, August 16th. Hawkins’s dividend payout ratio is presently 20.06%.

Analyst Upgrades and Downgrades

Separately, BWS Financial cut shares of Hawkins from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a research report on Wednesday.

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.