Virginia Retirement Systems ET AL increased its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 59.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,800 shares of the specialty chemicals company’s stock after purchasing an additional 2,900 shares during the period. Virginia Retirement Systems ET AL’s holdings in Hawkins were worth $319,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. LS Investment Advisors LLC grew its position in shares of Hawkins by 779.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,260 shares of the specialty chemicals company’s stock valued at $93,000 after purchasing an additional 2,003 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in shares of Hawkins in the fourth quarter valued at $150,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Hawkins in the third quarter valued at $224,000. Ramsey Quantitative Systems grew its position in shares of Hawkins by 265.5% in the fourth quarter. Ramsey Quantitative Systems now owns 5,453 shares of the specialty chemicals company’s stock valued at $223,000 after purchasing an additional 3,961 shares during the period. Finally, Algert Global LLC purchased a new stake in shares of Hawkins in the third quarter valued at $254,000. 58.49% of the stock is owned by institutional investors and hedge funds.
HWKN stock traded down $0.59 during trading on Thursday, reaching $39.90. 2,927 shares of the stock traded hands, compared to its average volume of 33,377. Hawkins, Inc. has a 52-week low of $30.55 and a 52-week high of $44.03. The company has a current ratio of 2.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.37. The company has a market cap of $453.66 million, a PE ratio of 20.92 and a beta of 0.84.
Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, February 6th. The specialty chemicals company reported $0.39 earnings per share (EPS) for the quarter. Hawkins had a positive return on equity of 10.22% and a negative net margin of 3.03%. The firm had revenue of $128.15 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, February 21st. This is an increase from Hawkins’s previous quarterly dividend of $0.23.
Separately, BidaskClub raised Hawkins from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th.
Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationaly. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. It provides industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.
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