Renaissance Technologies LLC Buys 9,800 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Renaissance Technologies LLC increased its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,198 shares of the specialty chemicals company’s stock after acquiring an additional 9,800 shares during the period. Renaissance Technologies LLC owned about 0.58% of Hawkins worth $11,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Arizona State Retirement System raised its holdings in Hawkins by 1.9% during the second quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock worth $507,000 after acquiring an additional 103 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its stake in Hawkins by 5.1% in the second quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 127 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Hawkins by 3.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company’s stock valued at $351,000 after buying an additional 132 shares during the period. Anchor Capital Advisors LLC raised its stake in Hawkins by 0.6% in the first quarter. Anchor Capital Advisors LLC now owns 22,505 shares of the specialty chemicals company’s stock valued at $1,728,000 after buying an additional 139 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Hawkins by 2.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the specialty chemicals company’s stock valued at $874,000 after buying an additional 200 shares during the period. Institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

NASDAQ:HWKN opened at $120.01 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $116.53 and its two-hundred day moving average price is $94.26. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 3.94 and a beta of 0.74. Hawkins, Inc. has a 12-month low of $53.64 and a 12-month high of $127.35.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 EPS for the quarter, beating 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 company had revenue of $255.88 million for the quarter, compared to the consensus estimate of $254.30 million. On average, analysts anticipate that Hawkins, Inc. will post 4.14 earnings per share for the current year.

Hawkins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.72 dividend on an annualized basis and a yield of 0.60%. This is an increase from Hawkins’s previous quarterly dividend of $0.16. Hawkins’s dividend payout ratio is currently 20.06%.

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.