Hawkins, Inc. (NASDAQ:HWKN) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. grew its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,284 shares of the specialty chemicals company’s stock after purchasing an additional 592 shares during the quarter. Alliancebernstein L.P. owned 0.10% of Hawkins worth $2,488,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of HWKN. JPMorgan Chase & Co. grew its stake in shares of Hawkins by 61.9% in the 4th quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company’s stock worth $18,353,000 after purchasing an additional 57,179 shares during the last quarter. Montanaro Asset Management Ltd bought a new stake in shares of Hawkins during the 4th quarter worth $1,840,000. EFG Asset Management North America Corp. grew its holdings in shares of Hawkins by 89.7% in the 4th quarter. EFG Asset Management North America Corp. now owns 33,886 shares of the specialty chemicals company’s stock worth $4,153,000 after acquiring an additional 16,026 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Hawkins during the fourth quarter worth $5,850,000. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of Hawkins during the fourth quarter worth $282,000. Institutional investors own 69.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HWKN shares. CJS Securities began coverage on Hawkins in a research note on Tuesday, April 1st. They issued a “market outperform” rating and a $125.00 price target on the stock. BWS Financial upgraded shares of Hawkins from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Monday.

Hawkins Trading Down 0.4 %

Hawkins stock opened at $121.22 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. Hawkins, Inc. has a 12 month low of $71.98 and a 12 month high of $139.55. The company’s fifty day simple moving average is $108.09 and its 200-day simple moving average is $117.80. The stock has a market cap of $2.54 billion, a P/E ratio of 30.92, a P/E/G ratio of 3.80 and a beta of 0.82.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data 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 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins’s dividend payout ratio is currently 18.37%.

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.