Summit Global Investments Purchases Shares of 1,626 Hawkins, Inc. $HWKN

Summit Global Investments purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,626 shares of the specialty chemicals company’s stock, valued at approximately $231,000.

Several other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group raised its position in shares of Hawkins by 533.3% in 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 during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Hawkins in the 2nd quarter valued at about $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Hawkins during the first quarter worth approximately $42,000. Russell Investments Group Ltd. bought a new stake in shares of Hawkins during the first quarter worth approximately $52,000. Finally, Quantbot Technologies LP acquired a new position in shares of Hawkins in the first quarter valued at approximately $57,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Price Performance

Shares of HWKN stock opened at $131.04 on Thursday. The business has a fifty day simple moving average of $154.88 and a 200 day simple moving average of $153.59. The company has a market cap of $2.74 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.25 and a beta of 0.82. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59. Hawkins, Inc. has a twelve month low of $98.30 and a twelve month high of $186.15.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, October 29th. The specialty chemicals company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.16). The business had revenue of $280.43 million for the quarter, compared to analyst estimates of $284.42 million. Hawkins had a return on equity of 17.79% and a net margin of 7.95%. On average, sell-side analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. Hawkins’s dividend payout ratio is 19.10%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Hawkins in a research note on Monday. BWS Financial reissued a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research report on Monday, November 3rd. Finally, Zacks Research downgraded shares of Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $162.50.

Insider Activity

In other news, VP Drew M. Grahek purchased 1,587 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $126.34 per share, for a total transaction of $200,501.58. Following the purchase, the vice president owned 39,640 shares of the company’s stock, valued at approximately $5,008,117.60. The trade was a 4.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.10% of the company’s stock.

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.