City Center Advisors LLC Buys Shares of 2,561 Hawkins, Inc. (NASDAQ:HWKN)

City Center Advisors LLC purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,561 shares of the specialty chemicals company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Hawkins by 22.4% in 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 acquiring an additional 66,109 shares during the period. Westwood Holdings Group Inc. increased its holdings in Hawkins by 11.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock valued at $41,618,000 after purchasing an additional 47,129 shares during the last quarter. FMR LLC raised its position in Hawkins by 20.9% in the third quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock valued at $32,663,000 after purchasing an additional 44,351 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Hawkins during the third quarter worth $5,528,000. Finally, State Street Corp boosted its position in shares of Hawkins by 5.4% during the third quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock worth $96,367,000 after buying an additional 38,877 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 price objective on shares of Hawkins in a report on Thursday, October 31st.

Hawkins Stock Down 7.0 %

Shares of HWKN opened at $109.84 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The stock has a market capitalization of $2.30 billion, a PE ratio of 28.09, a P/E/G ratio of 4.51 and a beta of 0.84. The company’s 50-day simple moving average is $126.06 and its 200-day simple moving average is $119.16. Hawkins, Inc. has a 1 year low of $54.44 and a 1 year high of $139.55.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). The business had revenue of $247.03 million during the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. Analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, November 15th. Hawkins’s dividend payout ratio is currently 18.41%.

About Hawkins

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.