Diversify Wealth Management LLC Purchases 3,803 Shares of Hawkins, Inc. $HWKN

Diversify Wealth Management LLC lifted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 50.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,361 shares of the specialty chemicals company’s stock after purchasing an additional 3,803 shares during the period. Diversify Wealth Management LLC owned 0.05% of Hawkins worth $1,870,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Hawkins by 159.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,554 shares of the specialty chemicals company’s stock valued at $5,020,000 after buying an additional 21,216 shares during the period. Ascent Group LLC bought a new position in shares of Hawkins during the 4th quarter worth approximately $3,454,000. Vanguard Group Inc. boosted its stake in shares of Hawkins by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock worth $216,754,000 after acquiring an additional 20,958 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Hawkins by 7.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 383,427 shares of the specialty chemicals company’s stock worth $54,470,000 after acquiring an additional 25,495 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Hawkins by 10.9% during the 4th quarter. Congress Asset Management Co. now owns 152,659 shares of the specialty chemicals company’s stock worth $21,687,000 after acquiring an additional 14,947 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Price Performance

Shares of NASDAQ HWKN opened at $138.24 on Wednesday. The firm has a market cap of $2.89 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 2.41 and a beta of 0.78. The company has a current ratio of 2.21, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. Hawkins, Inc. has a 1-year low of $117.98 and a 1-year high of $186.15. The business’s 50 day moving average is $153.90 and its 200-day moving average is $150.66.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). The firm had revenue of $265.91 million during the quarter, compared to the consensus estimate of $255.28 million. Hawkins had a net margin of 7.53% and a return on equity of 16.08%. Equities research analysts predict that Hawkins, Inc. will post 4.27 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Hawkins’s payout ratio is presently 19.44%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HWKN. BWS Financial reaffirmed a “buy” rating and set a $200.00 price target on shares of Hawkins in a report on Monday, March 23rd. Weiss Ratings upgraded shares of Hawkins from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 24th. Finally, Barclays set a $170.00 price objective on shares of Hawkins and gave the company an “equal weight” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $185.00.

About Hawkins

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.