Westwood Holdings Group Inc. Grows Position in Hawkins, Inc. (NASDAQ:HWKN)

Westwood Holdings Group Inc. grew its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 457,342 shares of the specialty chemicals company’s stock after acquiring an additional 47,129 shares during the quarter. Westwood Holdings Group Inc. owned 2.18% of Hawkins worth $41,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HWKN. Skandinaviska Enskilda Banken AB publ grew its position in Hawkins by 42.1% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 31,527 shares of the specialty chemicals company’s stock worth $2,866,000 after purchasing an additional 9,337 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Hawkins by 3.4% in the 2nd quarter. King Luther Capital Management Corp now owns 94,071 shares of the specialty chemicals company’s stock worth $8,560,000 after buying an additional 3,093 shares during the last quarter. Bridges Investment Management Inc. bought a new position in shares of Hawkins in the second quarter valued at approximately $487,000. XTX Topco Ltd purchased a new stake in shares of Hawkins during the second quarter valued at approximately $440,000. Finally, Renaissance Technologies LLC lifted its holdings in Hawkins by 8.8% during the second quarter. Renaissance Technologies LLC now owns 121,198 shares of the specialty chemicals company’s stock worth $11,029,000 after acquiring an additional 9,800 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Stock Down 1.3 %

Shares of NASDAQ:HWKN opened at $121.40 on Friday. Hawkins, Inc. has a 1 year low of $53.64 and a 1 year high of $127.35. The company has a market capitalization of $2.55 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 3.94 and a beta of 0.74. The business has a fifty day moving average price of $116.19 and a two-hundred day moving average price of $93.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.27 and a quick ratio of 1.44.

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

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.59%. This is a positive change from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, August 16th. Hawkins’s dividend payout ratio is 20.06%.

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.