Rice Hall James & Associates LLC Buys Shares of 31,502 Hawkins, Inc. (NASDAQ:HWKN)

Rice Hall James & Associates LLC acquired a new position in Hawkins, Inc. (NASDAQ:HWKN) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 31,502 shares of the specialty chemicals company’s stock, valued at approximately $4,016,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 worth $106,807,000 after acquiring an additional 62,224 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Hawkins by 146.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,341 shares of the specialty chemicals company’s stock worth $871,000 after buying an additional 6,731 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Hawkins by 4.2% in the first quarter. BNP Paribas Financial Markets now owns 22,640 shares of the specialty chemicals company’s stock worth $1,739,000 after buying an additional 922 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Hawkins during the 1st quarter worth about $213,000. Finally, Nordea Investment Management AB lifted its position in shares of Hawkins by 116.9% during the 1st quarter. Nordea Investment Management AB now owns 104,537 shares of the specialty chemicals company’s stock worth $8,049,000 after purchasing an additional 56,330 shares during the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Trading Down 8.9 %

Shares of HWKN opened at $106.90 on Friday. Hawkins, Inc. has a 12-month low of $53.64 and a 12-month high of $135.61. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 3.91 and a beta of 0.74. The stock’s 50-day moving average price is $123.14 and its 200 day moving average price is $103.51. 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 (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). The company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 20.08%. As a group, research analysts predict that Hawkins, Inc. will post 4.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research report on Thursday.

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.