Bridges Investment Management Inc. Takes Position in Hawkins, Inc. (NASDAQ:HWKN)

Bridges Investment Management Inc. bought a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,353 shares of the specialty chemicals company’s stock, valued at approximately $487,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HWKN. Quest Partners LLC purchased a new stake in Hawkins during the 4th quarter valued at approximately $108,000. AXS Investments LLC bought a new stake in Hawkins in the 4th quarter valued at $179,000. Shell Asset Management Co. increased its holdings in Hawkins by 36.9% in the 1st quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after acquiring an additional 631 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Hawkins in the 1st quarter worth $210,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Hawkins during the first quarter valued at about $212,000. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 1.3 %

Shares of HWKN stock opened at $121.40 on Friday. The stock’s 50-day moving average price is $116.19 and its 200-day moving average price is $93.74. Hawkins, Inc. has a 12-month low of $53.64 and a 12-month high of $127.35. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 3.94 and a beta of 0.74. The company has a current ratio of 2.27, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29.

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

Hawkins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is an increase from Hawkins’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.59%. Hawkins’s payout ratio is 20.06%.

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.