Yorktown Management & Research Co Inc Acquires New Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Yorktown Management & Research Co Inc bought a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 5,150 shares of the specialty chemicals company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in Hawkins by 127.3% during the third quarter. Jane Street Group LLC now owns 47,432 shares of the specialty chemicals company’s stock valued at $6,046,000 after buying an additional 26,568 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Hawkins in the third quarter worth $2,021,000. Natixis Advisors LLC purchased a new stake in shares of Hawkins in the third quarter worth $2,495,000. Victory Capital Management Inc. increased its stake in shares of Hawkins by 26.9% in the third quarter. Victory Capital Management Inc. now owns 112,966 shares of the specialty chemicals company’s stock worth $14,400,000 after purchasing an additional 23,940 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Hawkins by 24.3% in the second quarter. Cubist Systematic Strategies LLC now owns 5,804 shares of the specialty chemicals company’s stock worth $528,000 after purchasing an additional 1,136 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Stock Performance

HWKN opened at $115.98 on Wednesday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 3.71 and a beta of 0.82. The company has a fifty day moving average of $122.31 and a 200 day moving average of $121.32. Hawkins, Inc. has a fifty-two week low of $58.26 and a fifty-two week high of $139.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. As a group, sell-side analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, February 14th. This represents a $0.72 annualized dividend and a yield of 0.62%. Hawkins’s dividend payout ratio (DPR) is currently 18.37%.

Wall Street Analysts Forecast Growth

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