Linden Thomas Advisory Services LLC Acquires 2,967 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Linden Thomas Advisory Services LLC raised its stake in Hawkins, Inc. (NASDAQ:HWKN) by 37.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,802 shares of the specialty chemicals company’s stock after buying an additional 2,967 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Hawkins were worth $761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HWKN. SG Americas Securities LLC acquired a new position in Hawkins in the 3rd quarter worth $713,000. Raymond James & Associates bought a new position in shares of Hawkins during the third quarter worth about $257,000. Bailard Inc. acquired a new stake in Hawkins in the 3rd quarter valued at approximately $241,000. New York State Teachers Retirement System boosted its position in Hawkins by 2.2% during the 3rd quarter. New York State Teachers Retirement System now owns 13,827 shares of the specialty chemicals company’s stock worth $814,000 after acquiring an additional 302 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hawkins by 42.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,122 shares of the specialty chemicals company’s stock worth $243,000 after acquiring an additional 1,220 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Performance

Shares of NASDAQ HWKN opened at $74.99 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.58 and a current ratio of 2.45. The stock has a 50 day moving average price of $73.63 and a 200 day moving average price of $67.13. The stock has a market capitalization of $1.57 billion, a PE ratio of 21.55 and a beta of 0.75. Hawkins, Inc. has a 52 week low of $39.20 and a 52 week high of $79.30.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $208.50 million for the quarter, compared to the consensus estimate of $221.24 million. Hawkins had a net margin of 7.91% and a return on equity of 19.54%. Analysts predict that Hawkins, Inc. will post 3.61 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.64 dividend on an annualized basis and a yield of 0.85%. Hawkins’s dividend payout ratio (DPR) is 18.39%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Hawkins from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

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.