Montanaro Asset Management Ltd Purchases Shares of 15,000 Hawkins, Inc. (NASDAQ:HWKN)

Montanaro Asset Management Ltd bought a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,000 shares of the specialty chemicals company's stock, valued at approximately $1,840,000. Montanaro Asset Management Ltd owned 0.07% of Hawkins at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its holdings in shares of Hawkins by 8,633.3% in the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock valued at $33,000 after buying an additional 259 shares during the period. Blue Trust Inc. lifted its holdings in Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 216 shares during the period. Smartleaf Asset Management LLC boosted its position in Hawkins by 262.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after purchasing an additional 320 shares in the last quarter. TD Private Client Wealth LLC grew its position in Hawkins by 242.5% during the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock valued at $59,000 after buying an additional 325 shares during the period. Finally, KBC Group NV grew its position in shares of Hawkins by 37.0% during the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock valued at $116,000 after acquiring an additional 256 shares during the period. 69.71% of the stock is owned by hedge funds and other institutional investors.

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Hawkins Price Performance

Hawkins stock traded down $0.42 during trading on Monday, reaching $105.73. The company had a trading volume of 16,320 shares, compared to its average volume of 135,241. The firm has a market capitalization of $2.21 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. The firm's 50-day simple moving average is $108.91 and its 200 day simple moving average is $118.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. Hawkins, Inc. has a 1-year low of $71.98 and a 1-year high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. As a group, equities research analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.68%. Hawkins's payout ratio is currently 18.37%.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a "neutral" rating and set a $122.00 price target on shares of Hawkins in a research report on Friday, January 31st.

Hawkins Company 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.