Entropy Technologies LP Makes New $460,000 Investment in Hawkins, Inc. $HWKN

Entropy Technologies LP purchased a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,235 shares of the specialty chemicals company’s stock, valued at approximately $460,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWKN. Allianz Asset Management GmbH bought a new stake in shares of Hawkins in the first quarter worth $244,000. Inspire Advisors LLC boosted its position in Hawkins by 3.9% in the first quarter. Inspire Advisors LLC now owns 4,881 shares of the specialty chemicals company’s stock worth $517,000 after purchasing an additional 182 shares during the last quarter. De Lisle Partners LLP boosted its position in Hawkins by 2.1% in the first quarter. De Lisle Partners LLP now owns 97,419 shares of the specialty chemicals company’s stock worth $10,336,000 after purchasing an additional 2,000 shares during the last quarter. NorthRock Partners LLC grew its stake in shares of Hawkins by 4.0% during the 1st quarter. NorthRock Partners LLC now owns 46,476 shares of the specialty chemicals company’s stock valued at $4,923,000 after purchasing an additional 1,771 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Hawkins by 18.1% during the 1st quarter. Natixis Advisors LLC now owns 58,056 shares of the specialty chemicals company’s stock valued at $6,149,000 after purchasing an additional 8,877 shares during the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HWKN shares. BWS Financial reissued a “buy” rating and issued a $200.00 price objective on shares of Hawkins in a report on Monday, November 3rd. Zacks Research cut shares of Hawkins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hawkins in a research report on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Hawkins presently has an average rating of “Hold” and a consensus price target of $162.50.

Insider Buying and Selling

In other Hawkins news, VP Drew M. Grahek acquired 1,587 shares of the stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $126.34 per share, for a total transaction of $200,501.58. Following the completion of the transaction, the vice president directly owned 39,640 shares of the company’s stock, valued at approximately $5,008,117.60. The trade was a 4.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.10% of the stock is currently owned by corporate insiders.

Hawkins Trading Down 0.7%

Hawkins stock opened at $126.18 on Tuesday. Hawkins, Inc. has a 12-month low of $98.30 and a 12-month high of $186.15. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 2.25 and a beta of 0.82. The firm has a 50 day moving average of $156.60 and a 200 day moving average of $153.68. 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 (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, October 29th. The specialty chemicals company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.16). The firm had revenue of $280.43 million for the quarter, compared to analysts’ expectations of $284.42 million. Hawkins had a net margin of 7.95% and a return on equity of 17.79%. As a group, research analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, November 14th. Hawkins’s dividend payout ratio is presently 19.10%.

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.