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

Bridges Investment Management Inc. purchased a new position in Hawkins, Inc. (NASDAQ:HWKN) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 5,353 shares of the specialty chemicals company’s stock, valued at approximately $487,000.

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

Hawkins Stock Down 1.3 %

Shares of NASDAQ:HWKN opened at $121.40 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.27 and a quick ratio of 1.44. The business has a 50 day simple moving average of $116.19 and a two-hundred day simple moving average of $93.74. Hawkins, Inc. has a 1 year low of $53.64 and a 1 year high of $127.35. The firm 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.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $254.30 million. On average, equities analysts predict that Hawkins, Inc. will post 4.14 EPS for the current year.

Hawkins Increases Dividend

The business also recently declared 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 was Friday, August 16th. This is a boost 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 dividend payout ratio is presently 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.