Royce & Associates LP Acquires 3,775 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Royce & Associates LP boosted its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,785 shares of the specialty chemicals company’s stock after buying an additional 3,775 shares during the period. Royce & Associates LP’s holdings in Hawkins were worth $15,014,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Hawkins by 71.8% during the third 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 boosted its stake in Hawkins by 289.2% during the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 347 shares during the period. SG Americas Securities LLC bought a new stake in Hawkins during the third quarter valued at $100,000. USA Financial Formulas boosted its stake in Hawkins by 35.1% during the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after buying an additional 230 shares during the period. Finally, Capital Investment Advisors LLC bought a new stake in Hawkins during the third quarter worth about $225,000. Institutional investors own 69.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “neutral” rating and set a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Trading Down 0.5 %

Shares of HWKN stock opened at $123.60 on Friday. Hawkins, Inc. has a 12-month low of $54.44 and a 12-month high of $135.61. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $122.04 and a two-hundred day moving average price of $106.84. The firm has a market cap of $2.58 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 4.35 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Equities analysts anticipate that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, November 15th. Hawkins’s dividend payout ratio (DPR) is presently 18.41%.

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.