Ellsworth Advisors LLC Acquires 89 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Ellsworth Advisors LLC grew its stake in Hawkins, Inc. (NASDAQ:HWKN) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,560 shares of the specialty chemicals company’s stock after buying an additional 89 shares during the period. Ellsworth Advisors LLC’s holdings in Hawkins were worth $964,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HWKN. Vanguard Group Inc. raised its stake in shares of Hawkins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company’s stock valued at $106,807,000 after acquiring an additional 62,224 shares in the last quarter. Westwood Holdings Group Inc. increased its position in Hawkins by 11.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock worth $41,618,000 after buying an additional 47,129 shares during the period. American Century Companies Inc. lifted its holdings in shares of Hawkins by 22.4% during the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock worth $32,825,000 after buying an additional 66,109 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Hawkins by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 191,433 shares of the specialty chemicals company’s stock worth $17,420,000 after acquiring an additional 4,398 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Hawkins by 8.8% during the second quarter. Renaissance Technologies LLC now owns 121,198 shares of the specialty chemicals company’s stock worth $11,029,000 after acquiring an additional 9,800 shares during the period. Institutional investors own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial lowered Hawkins from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research note on Wednesday.

Hawkins Price Performance

NASDAQ:HWKN opened at $133.98 on Friday. The firm has a market cap of $2.81 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.74. The company’s 50-day moving average price is $122.91 and its two-hundred day moving average price is $100.59. 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 12 month low of $53.64 and a 12 month high of $135.61.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.01 by $0.37. The company had revenue of $255.88 million for the quarter, compared to analysts’ expectations of $254.30 million. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. On average, equities analysts anticipate that Hawkins, Inc. will post 4.14 EPS for the current fiscal year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.54%. This is a positive change from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, August 16th. Hawkins’s dividend payout ratio (DPR) is presently 20.06%.

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.