CPC Advisors LLC Buys 5,852 Shares of Hawkins, Inc. $HWKN

CPC Advisors LLC increased its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 83.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,902 shares of the specialty chemicals company’s stock after purchasing an additional 5,852 shares during the quarter. CPC Advisors LLC’s holdings in Hawkins were worth $2,358,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HWKN. Franklin Resources Inc. boosted its stake in Hawkins by 0.4% during the second quarter. Franklin Resources Inc. now owns 21,017 shares of the specialty chemicals company’s stock worth $2,987,000 after buying an additional 76 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Hawkins by 8.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,070 shares of the specialty chemicals company’s stock worth $196,000 after purchasing an additional 83 shares during the period. Focus Financial Network Inc. grew its holdings in Hawkins by 3.8% during the 3rd quarter. Focus Financial Network Inc. now owns 2,283 shares of the specialty chemicals company’s stock valued at $417,000 after purchasing an additional 84 shares during the last quarter. State of Alaska Department of Revenue raised its position in Hawkins by 0.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,360 shares of the specialty chemicals company’s stock worth $2,075,000 after purchasing an additional 90 shares during the period. Finally, Teacher Retirement System of Texas raised its position in Hawkins by 4.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,019 shares of the specialty chemicals company’s stock worth $429,000 after purchasing an additional 115 shares during the period. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Up 1.0%

Shares of NASDAQ HWKN opened at $159.18 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 2.43. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.44 and a beta of 0.86. The stock has a 50 day moving average price of $138.00 and a 200 day moving average price of $156.40. Hawkins, Inc. has a 52-week low of $98.30 and a 52-week high of $186.15.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, October 29th. The specialty chemicals company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.16). Hawkins had a return on equity of 17.42% and a net margin of 7.95%.The firm had revenue of $280.43 million for the quarter, compared to analysts’ expectations of $284.42 million. Sell-side analysts expect that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.19 dividend. The ex-dividend date of this dividend 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 19.10%.

Insider Transactions at Hawkins

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

Analysts Set New Price Targets

Several research analysts have issued reports on HWKN shares. Zacks Research upgraded Hawkins from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. BWS Financial reissued a “buy” rating and set a $200.00 price target on shares of Hawkins in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hawkins in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.50.

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.