Rice Hall James & Associates LLC Invests $4.02 Million in Hawkins, Inc. (NASDAQ:HWKN)

Rice Hall James & Associates LLC bought a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 31,502 shares of the specialty chemicals company's stock, valued at approximately $4,016,000. Rice Hall James & Associates LLC owned 0.15% of Hawkins at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Hawkins by 3.1% during the third quarter. US Bancorp DE now owns 50,132 shares of the specialty chemicals company's stock worth $6,390,000 after buying an additional 1,497 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Hawkins by 20.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,618 shares of the specialty chemicals company's stock worth $327,000 after acquiring an additional 439 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Hawkins in the 3rd quarter worth about $232,000. Capital Investment Advisors LLC bought a new stake in Hawkins in the 3rd quarter valued at about $225,000. Finally, Ellsworth Advisors LLC boosted its holdings in Hawkins by 1.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company's stock valued at $964,000 after purchasing an additional 89 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a "neutral" rating and issued a $122.00 price target on shares of Hawkins in a research report on Thursday.

Hawkins Price Performance

Shares of HWKN traded down $0.50 during trading hours on Friday, hitting $106.40. 152,736 shares of the company were exchanged, compared to its average volume of 128,257. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.91 and a beta of 0.74. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. Hawkins, Inc. has a fifty-two week low of $53.64 and a fifty-two week high of $135.61. The firm's fifty day moving average is $123.14 and its 200 day moving average is $103.51.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced 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). The firm had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 20.08%. On average, equities analysts anticipate that Hawkins, Inc. will post 4.28 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 0.68%. The ex-dividend date is Friday, November 15th. Hawkins's payout ratio is 18.41%.

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.