Envestnet Asset Management Inc. Purchases 4,631 Shares of Hawkins, Inc. $HWKN

Envestnet Asset Management Inc. lifted its position in Hawkins, Inc. (NASDAQ:HWKN) by 50.7% during the second quarter, Holdings Channel reports. The institutional investor owned 13,771 shares of the specialty chemicals company’s stock after buying an additional 4,631 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hawkins were worth $1,957,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HWKN. Westwood Holdings Group Inc. boosted its stake in Hawkins by 31.5% in the first quarter. Westwood Holdings Group Inc. now owns 599,015 shares of the specialty chemicals company’s stock valued at $63,448,000 after acquiring an additional 143,425 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Hawkins by 35.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 473,752 shares of the specialty chemicals company’s stock valued at $67,320,000 after purchasing an additional 123,030 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Hawkins by 3.2% in the 1st quarter. GW&K Investment Management LLC now owns 220,327 shares of the specialty chemicals company’s stock worth $23,337,000 after purchasing an additional 6,832 shares in the last quarter. Congress Asset Management Co. purchased a new position in Hawkins during the 2nd quarter worth $16,956,000. Finally, Royce & Associates LP grew its stake in Hawkins by 8.3% during the 1st quarter. Royce & Associates LP now owns 114,812 shares of the specialty chemicals company’s stock worth $12,161,000 after buying an additional 8,785 shares during the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HWKN shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Hawkins in a report on Monday. BWS Financial reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a research report on Monday, November 3rd. Raymond James Financial began coverage on shares of Hawkins in a research report on Thursday, July 24th. They set a “market perform” rating on the stock. Finally, Zacks Research cut shares of Hawkins from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hawkins has a consensus rating of “Hold” and an average target price of $162.50.

Insiders Place Their Bets

In other Hawkins news, VP Drew M. Grahek purchased 1,587 shares of the stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $126.34 per share, for a total transaction of $200,501.58. Following the completion of the transaction, the vice president owned 39,640 shares of the company’s stock, valued at $5,008,117.60. This trade represents a 4.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.10% of the company’s stock.

Hawkins Stock Performance

HWKN opened at $126.98 on Wednesday. The firm has a fifty day moving average price of $160.54 and a 200 day moving average price of $153.54. Hawkins, Inc. has a 1 year low of $98.30 and a 1 year high of $186.15. The stock has a market cap of $2.65 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.31 and a quick ratio of 1.45.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, October 29th. The specialty chemicals company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.16). The firm had revenue of $280.43 million during the quarter, compared to analysts’ expectations of $284.42 million. Hawkins had a net margin of 7.95% and a return on equity of 17.79%. Equities research analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, November 14th. Hawkins’s payout ratio is currently 19.10%.

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.