Moran Wealth Management LLC Purchases 22,292 Shares of Hawkins, Inc. $HWKN

Moran Wealth Management LLC grew its position in Hawkins, Inc. (NASDAQ:HWKN) by 479.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 26,944 shares of the specialty chemicals company’s stock after purchasing an additional 22,292 shares during the period. Moran Wealth Management LLC’s holdings in Hawkins were worth $4,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of Hawkins during the fourth quarter valued at $29,000. MBM Wealth Consultants LLC acquired a new stake in Hawkins in the first quarter worth about $33,000. Sound Income Strategies LLC acquired a new stake in Hawkins in the fourth quarter worth about $34,000. Simplex Trading LLC raised its holdings in Hawkins by 246.0% during the 4th quarter. Simplex Trading LLC now owns 346 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 246 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Hawkins during the 3rd quarter valued at about $79,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Performance

Shares of HWKN stock opened at $138.49 on Friday. The stock has a market cap of $2.90 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. The stock has a 50-day moving average of $158.44 and a 200-day moving average of $151.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46. Hawkins, Inc. has a one year low of $117.98 and a one year high of $186.15.

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

Hawkins Dividend Announcement

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

Analyst Ratings Changes

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

Hawkins Company Profile

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.