Neuberger Berman Group LLC Acquires New Stake in Hawkins, Inc. $HWKN

Neuberger Berman Group LLC acquired a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,329 shares of the specialty chemicals company's stock, valued at approximately $4,594,000. Neuberger Berman Group LLC owned about 0.15% of Hawkins as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. grew its holdings in Hawkins by 31.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 599,015 shares of the specialty chemicals company's stock worth $63,448,000 after acquiring an additional 143,425 shares during the period. Geode Capital Management LLC boosted its position in shares of Hawkins by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 478,348 shares of the specialty chemicals company's stock valued at $67,981,000 after purchasing an additional 5,110 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Hawkins by 35.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 473,752 shares of the specialty chemicals company's stock worth $67,320,000 after purchasing an additional 123,030 shares during the period. Bank of New York Mellon Corp increased its holdings in Hawkins by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 148,173 shares of the specialty chemicals company's stock worth $21,055,000 after purchasing an additional 558 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Hawkins by 42.2% during the 2nd quarter. Bessemer Group Inc. now owns 134,116 shares of the specialty chemicals company's stock worth $19,057,000 after buying an additional 39,790 shares in the last quarter. Institutional investors own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HWKN shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Hawkins in a research note on Monday. Zacks Research downgraded Hawkins from a "hold" rating to a "strong sell" rating in a report on Tuesday, November 4th. Finally, BWS Financial reiterated a "buy" rating and issued a $200.00 target price on shares of Hawkins in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hawkins currently has a consensus rating of "Hold" and an average target price of $162.50.

Get Our Latest Research Report on Hawkins

Insider Activity at Hawkins

In other news, VP Drew M. Grahek purchased 1,587 shares of the business's stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $126.34 per share, for a total transaction of $200,501.58. Following the purchase, the vice president owned 39,640 shares of the company's stock, valued at $5,008,117.60. The trade was a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.10% of the stock is owned by corporate insiders.

Hawkins Trading Down 0.8%

Shares of HWKN stock opened at $129.98 on Friday. Hawkins, Inc. has a 52-week low of $98.30 and a 52-week high of $186.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.31. The company has a 50-day simple moving average of $153.07 and a two-hundred day simple moving average of $153.52. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 2.25 and a beta of 0.82.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its earnings results on Wednesday, October 29th. The specialty chemicals company reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.16). The business had revenue of $280.43 million during the quarter, compared to analysts' expectations of $284.42 million. Hawkins had a return on equity of 17.79% and a net margin of 7.95%. Research analysts anticipate that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a $0.19 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 0.6%. Hawkins's 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.

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