Schroder Investment Management Group Buys 84,651 Shares of Hawkins, Inc. $HWKN

Schroder Investment Management Group increased its position in Hawkins, Inc. (NASDAQ:HWKN) by 130.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 149,397 shares of the specialty chemicals company’s stock after buying an additional 84,651 shares during the quarter. Schroder Investment Management Group’s holdings in Hawkins were worth $21,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWKN. Brooklyn Investment Group lifted its holdings in Hawkins by 533.3% during the first quarter. Brooklyn Investment Group now owns 266 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 224 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Hawkins in the second quarter worth $31,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Hawkins during the 1st quarter valued at $42,000. Russell Investments Group Ltd. purchased a new position in shares of Hawkins during the 1st quarter valued at $52,000. Finally, Quantbot Technologies LP purchased a new position in shares of Hawkins during the 1st quarter valued at $57,000. Institutional investors own 69.71% of the company’s stock.

Wall Street Analysts Forecast Growth

HWKN has been the topic of a number of recent analyst reports. BWS Financial reissued a “buy” rating and set a $200.00 price target on shares of Hawkins in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hawkins in a research report on Monday. Finally, Zacks Research downgraded Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $162.50.

Hawkins Stock Up 2.4%

Shares of HWKN stock opened at $134.78 on Wednesday. The stock has a market cap of $2.82 billion, a P/E ratio of 33.86, a PEG ratio of 2.25 and a beta of 0.82. Hawkins, Inc. has a 52 week low of $98.30 and a 52 week high of $186.15. The company has a quick ratio of 1.45, a current ratio of 2.31 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $151.53 and its two-hundred day simple moving average is $154.17.

Hawkins (NASDAQ:HWKN) last issued 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). Hawkins had a net margin of 7.95% and a return on equity of 17.79%. The firm had revenue of $280.43 million for the quarter, compared to analysts’ expectations of $284.42 million. Analysts predict that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, November 14th. Hawkins’s dividend payout ratio (DPR) is currently 19.10%.

Insider Transactions at Hawkins

In other Hawkins news, VP Drew M. Grahek bought 1,587 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $126.34 per share, with a total value of $200,501.58. Following the completion of the acquisition, the vice president owned 39,640 shares in the company, valued at $5,008,117.60. This trade represents a 4.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is currently owned by insiders.

Hawkins 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.