Victory Capital Management Inc. Purchases 23,940 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Victory Capital Management Inc. lifted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,966 shares of the specialty chemicals company’s stock after buying an additional 23,940 shares during the period. Victory Capital Management Inc. owned about 0.54% of Hawkins worth $14,400,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 168 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 347 shares in the last quarter. SG Americas Securities LLC acquired a new position in Hawkins during the third quarter worth $100,000. USA Financial Formulas grew its position in Hawkins by 35.1% in the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 230 shares in the last quarter. Finally, Capital Investment Advisors LLC acquired a new stake in Hawkins in the 3rd quarter valued at $225,000. 69.71% of the stock is currently owned by institutional investors.

Hawkins Stock Up 1.7 %

NASDAQ:HWKN opened at $126.30 on Wednesday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 4.29 and a beta of 0.77. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. Hawkins, Inc. has a twelve month low of $54.44 and a twelve month high of $135.61. The stock’s 50 day moving average price is $122.51 and its two-hundred day moving average price is $107.97.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The firm had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. Equities research analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.57%. Hawkins’s payout ratio is 18.41%.

Analysts Set New Price Targets

Separately, BWS Financial restated a “neutral” rating and issued a $122.00 price objective on shares of Hawkins in a report on Thursday, October 31st.

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.