Annex Advisory Services LLC Acquires 6,587 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Annex Advisory Services LLC boosted its stake in Hawkins, Inc. (NASDAQ:HWKN) by 47.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,448 shares of the specialty chemicals company’s stock after acquiring an additional 6,587 shares during the period. Annex Advisory Services LLC owned 0.10% of Hawkins worth $2,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Hawkins by 5.4% during the 3rd quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock worth $96,367,000 after acquiring an additional 38,877 shares during the period. Geode Capital Management LLC grew its stake in Hawkins by 3.6% in the third quarter. Geode Capital Management LLC now owns 523,514 shares of the specialty chemicals company’s stock worth $66,743,000 after purchasing an additional 18,119 shares during the period. FMR LLC raised its holdings in Hawkins by 20.9% in the third quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock worth $32,663,000 after purchasing an additional 44,351 shares in the last quarter. Renaissance Technologies LLC lifted its position in Hawkins by 8.8% during the second quarter. Renaissance Technologies LLC now owns 121,198 shares of the specialty chemicals company’s stock valued at $11,029,000 after buying an additional 9,800 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Hawkins by 3.3% during the 3rd quarter. Royce & Associates LP now owns 117,785 shares of the specialty chemicals company’s stock valued at $15,014,000 after buying an additional 3,775 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Stock Performance

Shares of HWKN opened at $114.32 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.39 billion, a P/E ratio of 29.24, a P/E/G ratio of 3.81 and a beta of 0.84. The business’s 50 day moving average price is $125.63 and its 200-day moving average price is $119.95. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $139.55.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Equities research analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.63%. Hawkins’s dividend payout ratio is currently 18.41%.

About Hawkins

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.