Hawkins, Inc. (NASDAQ:HWKN) Shares Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,560 shares of the specialty chemicals company’s stock after purchasing an additional 89 shares during the period. Ellsworth Advisors LLC’s holdings in Hawkins were worth $964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HWKN. Westwood Holdings Group Inc. bought a new position in Hawkins during the 1st quarter valued at $31,504,000. American Century Companies Inc. boosted its position in shares of Hawkins by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after purchasing an additional 66,109 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Hawkins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company’s stock worth $106,807,000 after purchasing an additional 62,224 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Hawkins by 116.9% in the first quarter. Nordea Investment Management AB now owns 104,537 shares of the specialty chemicals company’s stock valued at $8,049,000 after buying an additional 56,330 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of Hawkins during the 2nd quarter valued at $4,741,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Down 0.2 %

Shares of NASDAQ:HWKN opened at $133.98 on Friday. Hawkins, Inc. has a 52 week low of $53.64 and a 52 week high of $135.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.44 and a current ratio of 2.27. The company has a market cap of $2.81 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.74. The firm has a 50 day simple moving average of $122.91 and a 200 day simple moving average of $100.59.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.01 by $0.37. The business had revenue of $255.88 million during the quarter, compared to analysts’ expectations of $254.30 million. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. As a group, research analysts expect that Hawkins, Inc. will post 4.14 earnings per share for the current year.

Hawkins Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.18 dividend. This is an increase from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, August 16th. This represents a $0.72 dividend on an annualized basis and a yield of 0.54%. Hawkins’s dividend payout ratio is presently 20.06%.

Analyst Upgrades and Downgrades

Separately, BWS Financial downgraded Hawkins from a “buy” rating to a “neutral” rating and set a $122.00 target price for the company. in a report on Wednesday.

Hawkins Company 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.