EFG Asset Management North America Corp. Acquires 16,026 Shares of Hawkins, Inc. (NASDAQ:HWKN)

EFG Asset Management North America Corp. lifted its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 89.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,886 shares of the specialty chemicals company’s stock after buying an additional 16,026 shares during the period. EFG Asset Management North America Corp.’s holdings in Hawkins were worth $4,153,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC bought a new position in shares of Hawkins during the third quarter valued at approximately $2,495,000. Thrivent Financial for Lutherans lifted its holdings in Hawkins by 86.8% during the third quarter. Thrivent Financial for Lutherans now owns 29,507 shares of the specialty chemicals company’s stock worth $3,761,000 after buying an additional 13,709 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Hawkins during the 3rd quarter valued at $1,473,000. Intech Investment Management LLC purchased a new position in shares of Hawkins in the 3rd quarter valued at $538,000. Finally, Meridian Wealth Management LLC purchased a new position in shares of Hawkins in the 3rd quarter valued at $431,000. 69.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 target price on shares of Hawkins in a report on Friday, January 31st.

Hawkins Trading Up 2.4 %

NASDAQ:HWKN opened at $108.34 on Tuesday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 3.80 and a beta of 0.77. Hawkins, Inc. has a 52 week low of $71.98 and a 52 week high of $139.55. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $109.36 and a 200 day moving average of $118.96.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. As a group, sell-side analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins’s dividend payout ratio is presently 18.37%.

About Hawkins

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.