Annex Advisory Services LLC Increases Stake in Hawkins, Inc. (NASDAQ:HWKN)

Annex Advisory Services LLC raised its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 47.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,448 shares of the specialty chemicals company’s stock after acquiring an additional 6,587 shares during the quarter. Annex Advisory Services LLC’s holdings in Hawkins were worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HWKN. Renaissance Technologies LLC lifted its position in Hawkins by 8.8% during the second quarter. Renaissance Technologies LLC now owns 121,198 shares of the specialty chemicals company’s stock valued at $11,029,000 after purchasing an additional 9,800 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Hawkins in the second quarter worth about $440,000. Bridges Investment Management Inc. purchased a new position in shares of Hawkins during the 2nd quarter valued at about $487,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Hawkins by 42.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 31,527 shares of the specialty chemicals company’s stock valued at $2,866,000 after acquiring an additional 9,337 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in Hawkins by 6.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 41,857 shares of the specialty chemicals company’s stock worth $3,809,000 after acquiring an additional 2,599 shares in the last quarter. Institutional investors own 69.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 price target on shares of Hawkins in a research report on Thursday, October 31st.

Hawkins Price Performance

NASDAQ:HWKN opened at $114.32 on Monday. The business’s 50-day simple moving average is $125.63 and its two-hundred day simple moving average is $119.95. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $139.55. The stock has a market cap of $2.39 billion, a PE ratio of 29.24, a P/E/G ratio of 3.81 and a beta of 0.84. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The business had revenue of $247.03 million during the quarter, compared to analysts’ expectations of $259.59 million. As a group, analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.63%. Hawkins’s dividend payout ratio is 18.41%.

Hawkins Company 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.