Zurcher Kantonalbank Zurich Cantonalbank Acquires New Stake in Hawkins, Inc. (NASDAQ:HWKN)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Hawkins, Inc. (NASDAQ:HWKN – Get Rating) during the 1st quarter, Holdings Channel reports. The fund acquired 2,902 shares of the specialty chemicals company’s stock, valued at approximately $133,000.

Other institutional investors have also added to or reduced their stakes in the company. Denali Advisors LLC bought a new stake in Hawkins in the 4th quarter valued at $36,000. Larson Financial Group LLC bought a new stake in Hawkins in the 4th quarter valued at $53,000. Lazard Asset Management LLC lifted its position in Hawkins by 15.2% in the 4th quarter. Lazard Asset Management LLC now owns 3,183 shares of the specialty chemicals company’s stock valued at $125,000 after acquiring an additional 421 shares in the last quarter. Arizona State Retirement System bought a new stake in Hawkins in the 4th quarter valued at $203,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Hawkins in the 3rd quarter valued at $210,000. 64.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Hawkins from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th.

Hawkins Trading Down 1.0 %

Shares of NASDAQ:HWKN opened at $34.37 on Tuesday. The company’s 50-day moving average price is $35.74 and its two-hundred day moving average price is $39.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.24 and a quick ratio of 1.31. Hawkins, Inc. has a one year low of $29.93 and a one year high of $48.12. The stock has a market capitalization of $727.51 million, a PE ratio of 14.09 and a beta of 0.88.

Hawkins (NASDAQ:HWKN – Get Rating) last issued its quarterly earnings results on Wednesday, May 18th. The specialty chemicals company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.43 by $0.07. Hawkins had a net margin of 6.65% and a return on equity of 17.87%. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, equities analysts forecast that Hawkins, Inc. will post 2.14 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.56 annualized dividend and a dividend yield of 1.63%. Hawkins’s dividend payout ratio is presently 22.95%.

Hawkins Profile

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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.