Ellsworth Advisors LLC Has $950,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Ellsworth Advisors LLC increased its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,747 shares of the specialty chemicals company’s stock after buying an additional 187 shares during the quarter. Ellsworth Advisors LLC’s holdings in Hawkins were worth $950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of Hawkins by 8.8% in the 2nd quarter. Renaissance Technologies LLC now owns 121,198 shares of the specialty chemicals company’s stock worth $11,029,000 after acquiring an additional 9,800 shares during the period. XTX Topco Ltd acquired a new position in shares of Hawkins in the second quarter valued at $440,000. Bridges Investment Management Inc. acquired a new position in shares of Hawkins in the second quarter valued at $487,000. Skandinaviska Enskilda Banken AB publ lifted its position in Hawkins by 42.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 31,527 shares of the specialty chemicals company’s stock worth $2,866,000 after purchasing an additional 9,337 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in Hawkins by 6.6% during the second quarter. Public Sector Pension Investment Board now owns 41,857 shares of the specialty chemicals company’s stock worth $3,809,000 after buying an additional 2,599 shares in the last quarter. 69.71% of the stock is currently owned by institutional investors.

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 research note on Thursday, October 31st.

Hawkins Trading Up 2.1 %

HWKN stock opened at $114.32 on Monday. Hawkins, Inc. has a 1-year low of $54.44 and a 1-year high of $139.55. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $125.63 and its 200-day moving average is $119.95. The firm has a market cap of $2.39 billion, a P/E ratio of 29.24, a P/E/G ratio of 3.81 and a beta of 0.84.

Hawkins (NASDAQ:HWKN) last announced its quarterly 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 company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. Equities analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently announced 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins’s dividend payout ratio (DPR) is currently 18.41%.

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.