Victory Capital Management Inc. Has $14.40 Million Position in Hawkins, Inc. (NASDAQ:HWKN)

Victory Capital Management Inc. raised its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 26.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,966 shares of the specialty chemicals company’s stock after purchasing an additional 23,940 shares during the quarter. Victory Capital Management Inc.’s holdings in Hawkins were worth $14,400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC lifted its stake in shares of Hawkins by 1.2% during the 3rd quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company’s stock worth $964,000 after buying an additional 89 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Hawkins by 1.9% during the second quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock worth $507,000 after acquiring an additional 103 shares during the period. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Hawkins by 5.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock worth $239,000 after acquiring an additional 127 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Hawkins by 3.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company’s stock valued at $351,000 after purchasing an additional 132 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Hawkins by 71.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 168 shares during the period. 69.71% of the stock is owned by institutional investors.

Hawkins Price Performance

Shares of Hawkins stock opened at $126.30 on Wednesday. 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 stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 4.29 and a beta of 0.77. Hawkins, Inc. has a twelve month low of $54.44 and a twelve month high of $135.61. The company has a 50-day simple moving average of $122.51 and a two-hundred day simple moving average of $107.97.

Hawkins (NASDAQ:HWKN) last released its quarterly 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). The business had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. Analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current 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 given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.57%. Hawkins’s payout ratio is 18.41%.

Analysts Set New Price Targets

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