Hawkins, Inc. $HWKN Stock Acquired by ProShare Advisors LLC

ProShare Advisors LLC increased its position in Hawkins, Inc. (NASDAQ:HWKN) by 2,429.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,438 shares of the specialty chemicals company’s stock after buying an additional 68,614 shares during the quarter. ProShare Advisors LLC’s holdings in Hawkins were worth $9,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Summit Global Investments raised its position in shares of Hawkins by 144.8% during the third quarter. Summit Global Investments now owns 3,909 shares of the specialty chemicals company’s stock worth $493,000 after acquiring an additional 2,312 shares during the last quarter. D.A. Davidson & CO. grew its stake in Hawkins by 6.1% during the third quarter. D.A. Davidson & CO. now owns 5,783 shares of the specialty chemicals company’s stock worth $729,000 after purchasing an additional 332 shares during the period. BOKF NA increased its holdings in Hawkins by 5.6% in the third quarter. BOKF NA now owns 1,835 shares of the specialty chemicals company’s stock worth $231,000 after purchasing an additional 97 shares in the last quarter. Gibbs Wealth Management increased its holdings in Hawkins by 4.8% in the third quarter. Gibbs Wealth Management now owns 3,158 shares of the specialty chemicals company’s stock worth $398,000 after purchasing an additional 146 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Hawkins by 842.0% in the third quarter. Sterling Capital Management LLC now owns 650 shares of the specialty chemicals company’s stock valued at $82,000 after buying an additional 581 shares during the period. 69.71% of the stock is owned by institutional investors.

Insider Transactions at Hawkins

In related news, CFO Jeffrey P. Oldenkamp bought 1,290 shares of Hawkins stock in a transaction dated Thursday, August 27th. The stock was purchased at an average cost of $119.00 per share, with a total value of $153,510.00. Following the transaction, the chief financial officer directly owned 104,223 shares of the company’s stock, valued at approximately $12,402,537. The trade was a 1.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Douglas A. Lange purchased 910 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of $118.75 per share, with a total value of $108,062.50. Following the purchase, the vice president owned 28,169 shares in the company, valued at $3,345,068.75. The trade was a 3.34% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.70% of the stock is owned by insiders.

Hawkins Trading Up 0.5%

NASDAQ HWKN opened at $152.85 on Wednesday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 3.03 and a beta of 0.72. Hawkins, Inc. has a one year low of $116.04 and a one year high of $174.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 1.46. The business’s fifty day moving average is $130.10 and its 200-day moving average is $143.12.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Monday, October 26th. The specialty chemicals company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.15. The company had revenue of $313.82 million during the quarter, compared to analyst estimates of $302.70 million. Hawkins had a net margin of 7.53% and a return on equity of 15.97%. Equities research analysts predict that Hawkins, Inc. will post 4.19 EPS for the current year.

Hawkins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be given a $0.20 dividend. This is a positive change from Hawkins’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 10th. Hawkins’s payout ratio is presently 19.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HWKN. Zacks Research upgraded Hawkins from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 28th. BWS Financial restated a “buy” rating and set a $200.00 price objective on shares of Hawkins in a research note on Tuesday, October 27th. Weiss Ratings upgraded shares of Hawkins from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. Finally, Barclays set a $157.00 target price on shares of Hawkins and gave the company an “equal weight” rating in a report on Thursday, October 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $178.50.

Hawkins Company Profile

Hawkins, Inc (NASDAQ:HWKN) is a chemical manufacturer, blender and distributor serving customers across the United States. The company supplies a range of water treatment chemicals, industrial chemicals and specialty products to municipal, commercial and industrial users.

Its water treatment business provides chemicals and related solutions used in drinking water, wastewater and industrial water treatment applications. Hawkins also serves the industrial, health and nutrition, and specialty chemical markets, offering products such as chemical blends, custom formulations and other materials used in manufacturing, agriculture, food processing and pharmaceutical applications.

Founded in 1938, Hawkins is headquartered in Roseville, Minnesota, and operates through a network of manufacturing, blending, distribution and sales locations in the United States.