Counterpoint Mutual Funds LLC Purchases Shares of 2,874 Hawkins, Inc. $HWKN

Counterpoint Mutual Funds LLC acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,874 shares of the specialty chemicals company’s stock, valued at approximately $408,000.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Hawkins by 2.4% during the first quarter. Principal Financial Group Inc. now owns 101,785 shares of the specialty chemicals company’s stock worth $10,781,000 after acquiring an additional 2,365 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Hawkins by 157,110.0% in the 1st quarter. Bessemer Group Inc. now owns 94,326 shares of the specialty chemicals company’s stock valued at $9,991,000 after buying an additional 94,266 shares during the period. Bridges Investment Management Inc. grew its stake in shares of Hawkins by 111.1% in the 1st quarter. Bridges Investment Management Inc. now owns 9,289 shares of the specialty chemicals company’s stock valued at $984,000 after buying an additional 4,888 shares during the period. Allspring Global Investments Holdings LLC increased its position in Hawkins by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,599 shares of the specialty chemicals company’s stock valued at $4,942,000 after buying an additional 1,298 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Hawkins during the 1st quarter worth approximately $244,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Down 0.5%

Hawkins stock opened at $171.37 on Wednesday. The firm has a 50 day simple moving average of $169.05 and a 200 day simple moving average of $140.58. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. Hawkins, Inc. has a 1-year low of $98.30 and a 1-year high of $185.50. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 2.44 and a beta of 0.86.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $293.27 million during the quarter, compared to analyst estimates of $278.76 million. Hawkins had a return on equity of 18.35% and a net margin of 8.37%. On average, analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, August 15th. This is a boost from Hawkins’s previous quarterly dividend of $0.18. Hawkins’s payout ratio is presently 18.72%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HWKN shares. Zacks Research upgraded Hawkins to a “strong-buy” rating in a report on Tuesday, August 12th. Raymond James Financial started coverage on shares of Hawkins in a research note on Thursday, July 24th. They issued a “market perform” rating on the stock. BWS Financial upped their target price on shares of Hawkins from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Wall Street Zen downgraded Hawkins from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $162.50.

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.