Crossmark Global Holdings Inc. Acquires Shares of 1,795 Hawkins, Inc. (NASDAQ:HWKN)

Crossmark Global Holdings Inc. bought a new position in Hawkins, Inc. (NASDAQ:HWKN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,795 shares of the specialty chemicals company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Westwood Holdings Group Inc. grew 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 worth $41,618,000 after acquiring an additional 47,129 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock worth $32,825,000 after purchasing an additional 66,109 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Hawkins by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 191,433 shares of the specialty chemicals company’s stock worth $17,420,000 after purchasing an additional 4,398 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Hawkins by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 121,198 shares of the specialty chemicals company’s stock valued at $11,029,000 after purchasing an additional 9,800 shares during the period. Finally, King Luther Capital Management Corp raised its position in Hawkins by 3.4% during the 2nd quarter. King Luther Capital Management Corp now owns 94,071 shares of the specialty chemicals company’s stock valued at $8,560,000 after purchasing an additional 3,093 shares during the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Up 0.5 %

Shares of NASDAQ HWKN opened at $124.18 on Tuesday. The firm has a fifty day simple moving average of $122.26 and a two-hundred day simple moving average of $107.62. Hawkins, Inc. has a 12 month low of $54.44 and a 12 month high of $135.61. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.60 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 4.29 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data 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). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The company had revenue of $247.03 million during the quarter, compared to analysts’ expectations of $259.59 million. Equities analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

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

Analyst Ratings Changes

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