Victory Capital Management Inc. increased its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 66.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,515 shares of the specialty chemicals company’s stock after purchasing an additional 3,397 shares during the period. Victory Capital Management Inc.’s holdings in Hawkins were worth $285,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Hawkins by 73.2% during the 1st quarter. State of Alaska Department of Revenue now owns 12,786 shares of the specialty chemicals company’s stock worth $428,000 after purchasing an additional 5,403 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Hawkins by 86.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,098 shares of the specialty chemicals company’s stock worth $372,000 after acquiring an additional 5,145 shares during the period. Texas Permanent School Fund grew its stake in Hawkins by 85.0% in the 1st quarter. Texas Permanent School Fund now owns 14,111 shares of the specialty chemicals company’s stock worth $473,000 after acquiring an additional 6,485 shares during the period. Meeder Asset Management Inc. grew its stake in Hawkins by 209.2% in the 1st quarter. Meeder Asset Management Inc. now owns 9,271 shares of the specialty chemicals company’s stock worth $310,000 after acquiring an additional 6,273 shares during the period. Finally, Virginia Retirement Systems ET AL grew its stake in Hawkins by 80.4% in the 1st quarter. Virginia Retirement Systems ET AL now owns 9,200 shares of the specialty chemicals company’s stock worth $308,000 after acquiring an additional 4,100 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.
Shares of NASDAQ HWKN opened at $32.78 on Friday. Hawkins, Inc. has a 52-week low of $18.63 and a 52-week high of $39.73. The company’s fifty day moving average is $33.37. The stock has a market cap of $697.76 million, a PE ratio of 16.94 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.31 and a quick ratio of 1.41.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Stockholders of record on Friday, June 4th will be paid a dividend of $0.123 per share. The ex-dividend date is Thursday, June 3rd. This is a boost from Hawkins’s previous quarterly dividend of $0.12. This represents a $0.49 annualized dividend and a dividend yield of 1.50%. Hawkins’s payout ratio is currently 25.39%.
HWKN has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Hawkins from a “hold” rating to a “sell” rating in a research note on Wednesday, May 26th. BWS Financial lifted their target price on shares of Hawkins from $33.50 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 10th.
Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. 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.
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