Connor Clark & Lunn Investment Management Ltd. Invests $1.47 Million in Hawkins, Inc. (NASDAQ:HWKN)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,554 shares of the specialty chemicals company’s stock, valued at approximately $1,473,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Hawkins as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of HWKN. Westwood Holdings Group Inc. increased its stake in shares of Hawkins by 11.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock valued at $41,618,000 after purchasing an additional 47,129 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Hawkins by 22.4% during the 2nd quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after acquiring an additional 66,109 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Hawkins by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 191,433 shares of the specialty chemicals company’s stock valued at $17,420,000 after purchasing an additional 4,398 shares during the last quarter. Renaissance Technologies LLC grew its position in Hawkins by 8.8% in 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. Finally, Royce & Associates LP grew its holdings in shares of Hawkins by 3.3% during the 3rd quarter. Royce & Associates LP now owns 117,785 shares of the specialty chemicals company’s stock worth $15,014,000 after purchasing an additional 3,775 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Up 1.4 %

Shares of NASDAQ:HWKN opened at $137.31 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. Hawkins, Inc. has a twelve month low of $54.44 and a twelve month high of $137.98. The company has a market capitalization of $2.87 billion, a PE ratio of 35.02, a P/E/G ratio of 4.51 and a beta of 0.77. The firm has a 50 day simple moving average of $123.54 and a 200-day simple moving average of $109.42.

Hawkins (NASDAQ:HWKN) last announced its earnings results 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). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The business had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. On average, equities analysts predict that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.52%. Hawkins’s dividend payout ratio (DPR) is 18.41%.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed 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.