Amalgamated Bank Has $717,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Amalgamated Bank lowered its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,624 shares of the specialty chemicals company’s stock after selling 209 shares during the quarter. Amalgamated Bank’s holdings in Hawkins were worth $717,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HWKN. Westwood Holdings Group Inc. acquired a new position in Hawkins during the first quarter valued at approximately $31,504,000. American Century Companies Inc. grew its holdings in Hawkins by 22.4% during the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after purchasing an additional 66,109 shares during the period. Aptus Capital Advisors LLC acquired a new position in Hawkins during the second quarter valued at approximately $4,741,000. Rice Hall James & Associates LLC acquired a new position in Hawkins during the third quarter valued at approximately $4,016,000. Finally, Victory Capital Management Inc. lifted its stake in Hawkins by 45.1% in the second quarter. Victory Capital Management Inc. now owns 89,026 shares of the specialty chemicals company’s stock valued at $8,101,000 after buying an additional 27,680 shares in the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Price Performance

Shares of HWKN opened at $123.60 on Friday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 4.35 and a beta of 0.77. Hawkins, Inc. has a 1-year low of $54.44 and a 1-year high of $135.61. The company’s fifty day simple moving average is $122.04 and its 200 day simple moving average is $106.84. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21.

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 the consensus estimate of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The company had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. On average, research analysts forecast that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 0.58%. Hawkins’s dividend payout ratio is 18.41%.

Wall Street Analyst Weigh In

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 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.