Segall Bryant & Hamill LLC has significantly increased its investment in Hawkins, Inc. (NASDAQ:HWKN) by 76.1% during the second quarter of 2023. According to the firm’s recent disclosure to the Securities and Exchange Commission, Segall Bryant & Hamill now holds 112,431 shares of the specialty chemicals company after acquiring an additional 48,602 shares during the quarter. This investment is valued at approximately $15.98 million, representing 0.54% of Hawkins’ overall stock.
In addition to Segall Bryant & Hamill’s investment, several other hedge funds have also adjusted their positions in Hawkins. Rhumbline Advisers increased its stake by 4.3%, now owning 53,357 shares valued at $7.58 million. Franklin Resources Inc. raised its holdings by 0.4%, bringing its total to 21,017 shares worth $2.99 million. Legal & General Group Plc has similarly increased its position by 0.5%, holding 54,057 shares valued at $7.68 million. Additionally, Entropy Technologies LP and Portside Wealth Group LLC have entered new positions in Hawkins, valued at approximately $460,000 and $241,000, respectively. Institutional investors collectively own 69.71% of Hawkins’ stock.
Insider Transactions and Stock Performance
On November 3, 2023, Hawkins’ Vice President, Drew M. Grahek, purchased 1,587 shares at an average price of $126.34, totaling approximately $200,501.58. Following this transaction, Grahek’s total ownership increased to 39,640 shares, valued at about $5.01 million. Insider ownership currently stands at 4.10% of the company’s stock.
As of the latest trading session, Hawkins stock opened at $127.01. The company maintains a market capitalization of $2.65 billion, with a debt-to-equity ratio of 0.59. Other financial metrics include a quick ratio of 1.45, a current ratio of 2.31, and a price-to-earnings (P/E) ratio of 31.91. Hawkins’ stock has fluctuated within a fifty-two week range of $98.30 to $186.15.
Hawkins recently reported its quarterly earnings on October 29, 2023. The company posted an earnings per share (EPS) of $1.08, which fell short of analysts’ consensus estimate of $1.24 by $0.16. The firm’s revenue for the quarter was $280.43 million, slightly below the expected $284.42 million. Hawkins achieved a return on equity of 17.79% and a net margin of 7.95%.
Upcoming Dividend Announcement
Hawkins also announced a quarterly dividend of $0.19 per share, scheduled to be paid on November 28, 2023. Shareholders of record as of November 14, 2023 will be eligible for this payment. This dividend represents an annualized payout of $0.76 and a yield of 0.6%, with a dividend payout ratio of 19.10%.
Founded in the United States, Hawkins, Inc. operates as a specialty chemicals and ingredients company across three primary segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment provides a range of chemicals and services for various industries, including agriculture, pharmaceuticals, and food processing.
For investors monitoring Hawkins, the recent movements in stock positions and the upcoming dividend could present notable opportunities as the market continues to evolve.
