The Manufacturers Life Insurance Company Purchases 448 Shares of Hawkins, Inc. (NASDAQ:HWKN)

The Manufacturers Life Insurance Company boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,277 shares of the specialty chemicals company’s stock after purchasing an additional 448 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hawkins were worth $935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of Hawkins by 116.9% in the first quarter. Nordea Investment Management AB now owns 104,537 shares of the specialty chemicals company’s stock valued at $8,049,000 after acquiring an additional 56,330 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in Hawkins in the first quarter worth $31,504,000. State Board of Administration of Florida Retirement System boosted its stake in Hawkins by 83.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,521 shares of the specialty chemicals company’s stock worth $1,115,000 after purchasing an additional 6,627 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Hawkins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 1,516,717 shares of the specialty chemicals company’s stock worth $106,807,000 after purchasing an additional 62,224 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Hawkins by 21.6% in the first quarter. Janus Henderson Group PLC now owns 43,243 shares of the specialty chemicals company’s stock valued at $3,320,000 after buying an additional 7,683 shares in the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Stock Up 1.5 %

Shares of NASDAQ HWKN opened at $130.58 on Monday. Hawkins, Inc. has a 12-month low of $53.64 and a 12-month high of $132.65. The firm’s 50-day simple moving average is $121.68 and its 200 day simple moving average is $99.35. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 4.54 and a beta of 0.74.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $254.30 million. On average, research analysts expect that Hawkins, Inc. will post 4.14 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.55%. This is an increase from Hawkins’s previous quarterly dividend of $0.16. Hawkins’s payout ratio is presently 20.06%.

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.