Bridge City Capital LLC Buys Shares of 12,354 Hawkins, Inc. $HWKN

Bridge City Capital LLC bought a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 12,354 shares of the specialty chemicals company’s stock, valued at approximately $1,755,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Hawkins by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,525,789 shares of the specialty chemicals company’s stock valued at $216,754,000 after buying an additional 20,958 shares during the last quarter. State Street Corp increased its holdings in Hawkins by 11.6% during the fourth quarter. State Street Corp now owns 1,067,451 shares of the specialty chemicals company’s stock valued at $151,642,000 after buying an additional 111,318 shares during the last quarter. Wasatch Advisors LP increased its holdings in Hawkins by 31.4% during the fourth quarter. Wasatch Advisors LP now owns 552,419 shares of the specialty chemicals company’s stock valued at $78,477,000 after buying an additional 131,850 shares during the last quarter. Geode Capital Management LLC increased its holdings in Hawkins by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 513,535 shares of the specialty chemicals company’s stock valued at $72,965,000 after buying an additional 13,828 shares during the last quarter. Finally, Capital World Investors increased its holdings in Hawkins by 34.4% during the fourth quarter. Capital World Investors now owns 477,985 shares of the specialty chemicals company’s stock valued at $67,903,000 after buying an additional 122,366 shares during the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Stock Performance

Shares of NASDAQ HWKN opened at $158.34 on Friday. The firm has a fifty day moving average price of $157.54 and a 200-day moving average price of $149.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.46. The stock has a market cap of $3.30 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. Hawkins, Inc. has a 1 year low of $117.98 and a 1 year high of $186.15.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, May 13th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The firm had revenue of $265.91 million during the quarter, compared to analysts’ expectations of $255.28 million. Hawkins had a return on equity of 16.08% and a net margin of 7.53%. Equities analysts anticipate that Hawkins, Inc. will post 4.27 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.5%. Hawkins’s dividend payout ratio is 19.44%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HWKN. BWS Financial reaffirmed a “buy” rating and set a $200.00 target price on shares of Hawkins in a report on Monday, March 23rd. Weiss Ratings cut shares of Hawkins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $200.00.

About Hawkins

Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.

Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.