Vaughan Nelson Investment Management L.P. Takes Position in Hawkins, Inc. (NASDAQ:HWKN)

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 43,365 shares of the specialty chemicals company’s stock, valued at approximately $5,528,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Hawkins by 71.8% during 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 last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Hawkins by 289.2% during the 3rd 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of Hawkins during the 3rd quarter valued at about $100,000. USA Financial Formulas lifted its holdings 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 valued at $113,000 after buying an additional 230 shares during the last quarter. Finally, Shell Asset Management Co. lifted its holdings in shares of Hawkins by 36.9% during the 1st quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after buying an additional 631 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Stock Down 0.6 %

Shares of HWKN stock opened at $123.60 on Monday. The stock’s 50 day simple moving average is $122.04 and its 200 day simple moving average 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. Hawkins, Inc. has a twelve month low of $54.44 and a twelve month high of $135.61. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 4.29 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data 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. As a group, research analysts predict that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, November 15th. Hawkins’s dividend payout ratio is currently 18.41%.

Wall Street Analyst Weigh In

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