Dark Forest Capital Management LP Invests $443,000 in Hawkins, Inc. (NASDAQ:HWKN)

Dark Forest Capital Management LP bought a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,609 shares of the specialty chemicals company's stock, valued at approximately $443,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Wasatch Advisors LP bought a new position in shares of Hawkins during the fourth quarter valued at approximately $42,466,000. Vaughan Nelson Investment Management L.P. boosted its position in Hawkins by 487.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 254,837 shares of the specialty chemicals company's stock valued at $31,260,000 after acquiring an additional 211,472 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Hawkins by 61.9% during the 4th quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock valued at $18,353,000 after acquiring an additional 57,179 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hawkins in the 4th quarter valued at $13,087,000. Finally, Principal Financial Group Inc. raised its position in shares of Hawkins by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 99,420 shares of the specialty chemicals company's stock worth $12,196,000 after acquiring an additional 3,436 shares in the last quarter. Hedge funds and other institutional investors own 69.71% of the company's stock.

Hawkins Stock Up 4.7 %

Shares of HWKN traded up $5.57 during mid-day trading on Friday, hitting $125.00. 65,902 shares of the company traded hands, compared to its average volume of 123,355. The business has a 50 day moving average of $110.88 and a 200 day moving average of $117.38. The company has a market capitalization of $2.62 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 3.80 and a beta of 0.82. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. Hawkins, Inc. has a 1-year low of $71.98 and a 1-year high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. Equities research analysts anticipate that Hawkins, Inc. will post 4 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HWKN. BWS Financial upgraded shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price target on the stock in a report on Monday, April 14th. CJS Securities initiated coverage on Hawkins in a research report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company.

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.