First Interstate Bank Acquires New Holdings in Hawkins, Inc. (NASDAQ:HWKN)

First Interstate Bank acquired a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the specialty chemicals company’s stock, valued at approximately $211,000.

Other hedge funds also recently bought and sold shares of the company. Centerpoint Advisors LLC purchased a new position in Hawkins in the 3rd quarter worth approximately $29,000. Captrust Financial Advisors raised its holdings in Hawkins by 66.6% during the 1st quarter. Captrust Financial Advisors now owns 1,566 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 626 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Hawkins by 17.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,520 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 369 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in Hawkins during the 3rd quarter valued at $203,000. Finally, Advisory Services Network LLC bought a new stake in Hawkins during the 1st quarter valued at $207,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Hawkins from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

Hawkins Trading Up 0.8 %

NASDAQ HWKN traded up $0.60 during trading on Wednesday, hitting $76.67. The company had a trading volume of 2,196 shares, compared to its average volume of 141,348. The company has a current ratio of 2.45, a quick ratio of 1.58 and a debt-to-equity ratio of 0.28. Hawkins, Inc. has a one year low of $39.20 and a one year high of $79.30. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 22.24 and a beta of 0.75. The company’s fifty day moving average is $72.15 and its 200-day moving average is $66.50.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, January 31st. The specialty chemicals company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. Hawkins had a net margin of 7.91% and a return on equity of 19.54%. The business had revenue of $208.50 million during the quarter, compared to analyst estimates of $221.24 million. On average, sell-side analysts predict that Hawkins, Inc. will post 3.61 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, February 15th. Hawkins’s dividend payout ratio is presently 18.39%.

Hawkins 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.