Diversify Wealth Management LLC Acquires 3,803 Shares of Hawkins, Inc. $HWKN

Diversify Wealth Management LLC increased its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 50.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,361 shares of the specialty chemicals company’s stock after buying an additional 3,803 shares during the period. Diversify Wealth Management LLC’s holdings in Hawkins were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Hawkins by 159.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,554 shares of the specialty chemicals company’s stock worth $5,020,000 after buying an additional 21,216 shares in the last quarter. Ascent Group LLC acquired a new position in Hawkins in the 4th quarter valued at $3,454,000. Vanguard Group Inc. raised its holdings in Hawkins by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock valued at $216,754,000 after acquiring an additional 20,958 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Hawkins by 7.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 383,427 shares of the specialty chemicals company’s stock valued at $54,470,000 after acquiring an additional 25,495 shares during the period. Finally, Congress Asset Management Co. lifted its position in shares of Hawkins by 10.9% during the 4th quarter. Congress Asset Management Co. now owns 152,659 shares of the specialty chemicals company’s stock valued at $21,687,000 after acquiring an additional 14,947 shares during the period. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Performance

Shares of NASDAQ:HWKN opened at $138.24 on Wednesday. The company’s 50 day simple moving average is $153.90 and its 200 day simple moving average is $150.66. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 2.41 and a beta of 0.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46. Hawkins, Inc. has a 1 year low of $117.98 and a 1 year high of $186.15.

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

Hawkins Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HWKN shares. BWS Financial reissued a “buy” rating and set a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. Barclays set a $170.00 price target on Hawkins and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $185.00.

Hawkins Company Profile

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.