City Center Advisors LLC Invests $314,000 in Hawkins, Inc. (NASDAQ:HWKN)

City Center Advisors LLC purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,561 shares of the specialty chemicals company’s stock, valued at approximately $314,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in shares of Hawkins by 8,633.3% in the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 259 shares during the period. GAMMA Investing LLC lifted its stake in Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 168 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 347 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 325 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Hawkins during the third quarter valued at approximately $100,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “neutral” rating and issued a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

Hawkins Price Performance

Shares of NASDAQ HWKN opened at $109.84 on Monday. The firm has a 50-day simple moving average of $126.06 and a 200-day simple moving average of $119.16. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 4.51 and a beta of 0.84. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $139.55.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The business had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. On average, equities analysts predict that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.18 per share. The ex-dividend date was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.66%. Hawkins’s payout ratio is 18.41%.

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.