20,683 Shares in Hawkins, Inc. $HWKN Acquired by Squarepoint Ops LLC

by · The Markets Daily

Squarepoint Ops LLC bought a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,683 shares of the specialty chemicals company’s stock, valued at approximately $2,939,000. Squarepoint Ops LLC owned about 0.10% of Hawkins at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Hawkins by 1.1% in the second quarter. Geode Capital Management LLC now owns 478,348 shares of the specialty chemicals company’s stock valued at $67,981,000 after buying an additional 5,110 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Hawkins by 35.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 473,752 shares of the specialty chemicals company’s stock worth $67,320,000 after acquiring an additional 123,030 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Hawkins by 50.3% in the 2nd quarter. Invesco Ltd. now owns 282,349 shares of the specialty chemicals company’s stock worth $40,122,000 after acquiring an additional 94,503 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Hawkins by 130.7% during the second quarter. Schroder Investment Management Group now owns 149,397 shares of the specialty chemicals company’s stock worth $21,229,000 after purchasing an additional 84,651 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Hawkins by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 148,173 shares of the specialty chemicals company’s stock valued at $21,055,000 after purchasing an additional 558 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Trading Down 0.3%

Shares of NASDAQ HWKN opened at $142.57 on Thursday. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. Hawkins, Inc. has a one year low of $98.30 and a one year high of $186.15. The business has a 50-day moving average price of $143.21 and a two-hundred day moving average price of $154.81. The firm has a market capitalization of $2.98 billion, a PE ratio of 35.82, a PEG ratio of 2.21 and a beta of 0.86.

Hawkins (NASDAQ:HWKN – Get Free Report) last issued its earnings results 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 business had revenue of $280.43 million during the quarter, compared to analyst estimates of $284.42 million. Hawkins had a net margin of 7.95% and a return on equity of 17.42%. As a group, analysts predict that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.19 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.76 dividend on an annualized basis and a yield of 0.5%. Hawkins’s dividend payout ratio is presently 19.10%.

Insider Activity

In related news, VP Drew M. Grahek bought 1,587 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $126.34 per share, with a total value of $200,501.58. Following the purchase, the vice president directly owned 39,640 shares of the company’s stock, valued at approximately $5,008,117.60. This represents a 4.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HWKN. Zacks Research cut Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hawkins in a report on Monday. Finally, BWS Financial reissued a “buy” rating and issued a $200.00 target price on shares of Hawkins in a research report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $162.50.

View Our Latest Stock Report on Hawkins

About Hawkins

(Free Report)

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.

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