Rhumbline Advisers Has $5.11 Million Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Rhumbline Advisers grew its stake in Hawkins, Inc. (NASDAQ:HWKN) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,131 shares of the specialty chemicals company’s stock after purchasing an additional 2,447 shares during the period. Rhumbline Advisers owned about 0.27% of Hawkins worth $5,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HWKN. Ritholtz Wealth Management acquired a new stake in Hawkins during the second quarter worth about $279,000. Aptus Capital Advisors LLC bought a new stake in shares of Hawkins in the 2nd quarter worth approximately $4,741,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hawkins by 36.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the specialty chemicals company’s stock worth $510,000 after purchasing an additional 1,483 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Hawkins by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 9,628 shares of the specialty chemicals company’s stock valued at $876,000 after purchasing an additional 201 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Hawkins by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 191,433 shares of the specialty chemicals company’s stock valued at $17,420,000 after purchasing an additional 4,398 shares during the period. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Up 2.6 %

Shares of HWKN stock opened at $120.03 on Monday. Hawkins, Inc. has a one year low of $53.64 and a one year high of $127.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.27 and a quick ratio of 1.44. The stock has a fifty day moving average price of $113.47 and a 200 day moving average price of $92.13. The stock has a market cap of $2.52 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 3.94 and a beta of 0.74.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. The company had revenue of $255.88 million during the quarter, compared to analysts’ expectations of $254.30 million. Analysts predict that Hawkins, Inc. will post 4.14 earnings per share for the current year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.60%. This is a boost from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, August 16th. Hawkins’s dividend payout ratio is currently 20.06%.

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.