Vaughan Nelson Investment Management L.P. Acquires New Stake in Hawkins, Inc. (NASDAQ:HWKN)

Vaughan Nelson Investment Management L.P. purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 43,365 shares of the specialty chemicals company's stock, valued at approximately $5,528,000. Vaughan Nelson Investment Management L.P. owned 0.21% of Hawkins at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock valued at $51,000 after buying an additional 168 shares during the period. Farther Finance Advisors LLC lifted its holdings in Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock valued at $59,000 after acquiring an additional 347 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Hawkins during the 3rd quarter worth $100,000. USA Financial Formulas grew its stake in shares of Hawkins by 35.1% during the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company's stock worth $113,000 after purchasing an additional 230 shares during the period. Finally, Shell Asset Management Co. increased its holdings in shares of Hawkins by 36.9% in 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 in the last quarter. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Price Performance

HWKN stock traded up $0.58 during midday trading on Monday, hitting $124.18. 90,386 shares of the stock were exchanged, compared to its average volume of 129,041. The stock's 50-day moving average price is $122.04 and its 200-day moving average price is $107.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 4.29 and a beta of 0.77. Hawkins, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $135.61.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (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 firm had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. Research analysts predict 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. Stockholders of record on Friday, November 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. Hawkins's dividend payout ratio (DPR) is 18.41%.

Analysts Set New Price Targets

Separately, BWS Financial restated a "neutral" rating and set a $122.00 target price 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.