AQR Capital Management LLC Buys 311 Shares of Hawkins, Inc. (NASDAQ:HWKN)

AQR Capital Management LLC grew its position in Hawkins, Inc. (NASDAQ:HWKN) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,027 shares of the specialty chemicals company’s stock after buying an additional 311 shares during the quarter. AQR Capital Management LLC’s holdings in Hawkins were worth $1,185,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HWKN. Shell Asset Management Co. grew its stake in Hawkins by 36.9% in the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after acquiring an additional 631 shares during the period. Valtinson Bruner Financial Planning LLC purchased a new position in Hawkins in the 2nd quarter worth $223,000. DDFG Inc bought a new stake in Hawkins in the second quarter valued at approximately $236,000. Morgan Dempsey Capital Management LLC raised its stake 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 valued at $239,000 after acquiring an additional 127 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Hawkins during the first quarter valued at approximately $210,000. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Price Performance

HWKN stock opened at $130.58 on Friday. The company has a market cap of $2.73 billion, a P/E ratio of 33.92, a PEG ratio of 4.54 and a beta of 0.74. The firm has a 50-day moving average of $121.68 and a 200 day moving average of $99.04. Hawkins, Inc. has a 1 year low of $53.64 and a 1 year high of $132.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.27 and a quick ratio of 1.44.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.37. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. The business had revenue of $255.88 million during the quarter, compared to analysts’ expectations of $254.30 million. On average, sell-side analysts forecast that Hawkins, Inc. will post 4.14 EPS for the current year.

Hawkins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.18 dividend. This is a boost from Hawkins’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, August 16th. Hawkins’s dividend payout ratio (DPR) is presently 18.70%.

Hawkins Company 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.