Ritholtz Wealth Management Has $298,000 Position in Hawkins, Inc. $HWKN

Ritholtz Wealth Management cut its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 4.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,098 shares of the specialty chemicals company’s stock after selling 87 shares during the quarter. Ritholtz Wealth Management’s holdings in Hawkins were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Hawkins by 2.4% during the first quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company’s stock valued at $10,781,000 after acquiring an additional 2,365 shares during the period. Bridges Investment Management Inc. lifted its holdings in shares of Hawkins by 111.1% during the first quarter. Bridges Investment Management Inc. now owns 9,289 shares of the specialty chemicals company’s stock valued at $984,000 after acquiring an additional 4,888 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Hawkins by 157,110.0% during the first quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company’s stock valued at $9,991,000 after acquiring an additional 94,266 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Hawkins by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company’s stock valued at $4,942,000 after acquiring an additional 1,298 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in shares of Hawkins during the first quarter valued at $244,000. 69.71% of the stock is owned by institutional investors.

Hawkins Price Performance

Shares of HWKN stock opened at $163.19 on Tuesday. The stock has a 50-day moving average price of $172.86 and a 200 day moving average price of $149.80. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 2.29 and a beta of 0.84. Hawkins, Inc. has a 12 month low of $98.30 and a 12 month high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. Hawkins had a return on equity of 18.35% and a net margin of 8.37%. Research analysts expect that Hawkins, Inc. will post 4 EPS 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 $0.19 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Hawkins’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. Hawkins’s dividend payout ratio is 18.72%.

Analysts Set New Price Targets

A number of research analysts have issued reports on HWKN shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Hawkins in a report on Tuesday, October 14th. Wall Street Zen cut Hawkins from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Zacks Research cut Hawkins from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. BWS Financial lifted their price target on Hawkins from $160.00 to $200.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Raymond James Financial initiated coverage on Hawkins in a report on Thursday, July 24th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.50.

About Hawkins

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.