Hawkins, Inc. (NASDAQ:HWKN) Stock Position Lowered by Amalgamated Bank

Amalgamated Bank lessened its position in Hawkins, Inc. (NASDAQ:HWKN) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,624 shares of the specialty chemicals company’s stock after selling 209 shares during the quarter. Amalgamated Bank’s holdings in Hawkins were worth $717,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC lifted its position in Hawkins by 1.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company’s stock worth $964,000 after buying an additional 89 shares in the last quarter. Arizona State Retirement System lifted its position in Hawkins by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock worth $507,000 after buying an additional 103 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its position in Hawkins by 5.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock worth $239,000 after buying an additional 127 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Hawkins by 3.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company’s stock worth $351,000 after buying an additional 132 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Price Performance

Shares of Hawkins stock opened at $123.60 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. Hawkins, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $135.61. The firm has a fifty day moving average price of $122.04 and a two-hundred day moving average price of $106.84. The company has a market cap of $2.58 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 4.35 and a beta of 0.77.

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

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, November 15th. Hawkins’s dividend payout ratio is currently 18.41%.

Analysts Set New Price Targets

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins 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.