Hawkins, Inc. (NASDAQ:HWKN) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 26.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,966 shares of the specialty chemicals company's stock after acquiring an additional 23,940 shares during the period. Victory Capital Management Inc. owned 0.54% of Hawkins worth $14,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in HWKN. GAMMA Investing LLC increased its position 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 acquiring an additional 168 shares during the period. Farther Finance Advisors LLC boosted 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 purchasing an additional 347 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Hawkins in the third quarter valued at $100,000. USA Financial Formulas boosted its holdings in Hawkins by 35.1% in the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company's stock valued at $113,000 after purchasing an additional 230 shares during the last quarter. Finally, Shell Asset Management Co. boosted its holdings in Hawkins by 36.9% in the first 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. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Price Performance

Shares of HWKN stock traded up $0.88 during mid-day trading on Wednesday, hitting $127.18. 90,938 shares of the stock were exchanged, compared to its average volume of 128,581. The firm has a fifty day moving average of $122.77 and a 200 day moving average of $108.10. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. Hawkins, Inc. has a 52-week low of $54.44 and a 52-week high of $135.61. The company has a market cap of $2.66 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 4.29 and a beta of 0.77.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its 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 analysts' expectations of $259.59 million. Research analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.57%. Hawkins's dividend payout ratio (DPR) is presently 18.41%.

Analysts Set New Price Targets

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