Nisa Investment Advisors LLC Raises Stake in Hawkins, Inc. (NASDAQ:HWKN)

Nisa Investment Advisors LLC lifted its position in Hawkins, Inc. (NASDAQ:HWKN) by 26.4% in the first quarter, Holdings Channel reports. The firm owned 981 shares of the specialty chemicals company’s stock after buying an additional 205 shares during the period. Nisa Investment Advisors LLC’s holdings in Hawkins were worth $104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HWKN. Vermillion Wealth Management Inc. bought a new position in Hawkins during the 4th quarter worth about $34,000. NewEdge Advisors LLC purchased a new stake in shares of Hawkins in the 4th quarter worth approximately $53,000. GAMMA Investing LLC boosted its stake in shares of Hawkins by 20.4% during the first quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 90 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Hawkins by 40.0% during the first quarter. TD Private Client Wealth LLC now owns 661 shares of the specialty chemicals company’s stock valued at $70,000 after purchasing an additional 189 shares in the last quarter. Finally, Defined Financial Planning LLC purchased a new position in Hawkins during the fourth quarter valued at approximately $205,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 1.4%

NASDAQ HWKN opened at $161.38 on Friday. Hawkins, Inc. has a 52 week low of $98.30 and a 52 week high of $165.87. The company has a 50 day moving average price of $138.94 and a 200 day moving average price of $121.63. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. The firm has a market cap of $3.37 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 2.73 and a beta of 0.85.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. Hawkins had a net margin of 8.66% and a return on equity of 18.93%. The business had revenue of $245.32 million for the quarter, compared to analyst estimates of $230.69 million. As a group, sell-side analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, May 30th. Hawkins’s dividend payout ratio is currently 17.82%.

Analyst Ratings Changes

A number of research firms have weighed in on HWKN. CJS Securities started coverage on Hawkins in a report on Tuesday, April 1st. They set a “market outperform” rating and a $125.00 target price for the company. Wall Street Zen cut Hawkins from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, BWS Financial reiterated a “buy” rating and issued a $160.00 target price on shares of Hawkins in a research note on Thursday, May 15th.

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.