14,811 Shares in Hawkins, Inc. (NASDAQ:HWKN) Bought by PFG Investments LLC

PFG Investments LLC acquired a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,811 shares of the specialty chemicals company's stock, valued at approximately $1,569,000. PFG Investments LLC owned about 0.07% of Hawkins at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HWKN. Vermillion Wealth Management Inc. purchased a new stake in shares of Hawkins during the fourth quarter valued at approximately $34,000. Blue Trust Inc. lifted its position in Hawkins by 155.4% in the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 216 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Hawkins during the 4th quarter valued at $53,000. Smartleaf Asset Management LLC increased its holdings in shares of Hawkins by 262.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after purchasing an additional 320 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Hawkins by 20.4% in the first quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock worth $56,000 after purchasing an additional 90 shares during the last quarter. 69.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on HWKN. CJS Securities assumed coverage on Hawkins in a research report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price objective on the stock. Wall Street Zen raised shares of Hawkins from a "hold" rating to a "buy" rating in a report on Saturday. Finally, BWS Financial reiterated a "buy" rating and issued a $160.00 price target on shares of Hawkins in a research note on Thursday, May 15th.

Hawkins Stock Performance

Shares of NASDAQ HWKN traded down $1.28 during midday trading on Wednesday, hitting $138.82. 168,644 shares of the stock traded hands, compared to its average volume of 127,776. The firm has a market capitalization of $2.90 billion, a P/E ratio of 34.36, a PEG ratio of 2.34 and a beta of 0.85. Hawkins, Inc. has a one year low of $87.24 and a one year high of $141.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.37 and a current ratio of 2.15. The firm has a 50-day moving average of $127.98 and a two-hundred day moving average of $118.46.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. The company had revenue of $245.32 million for the quarter, compared to the consensus estimate of $230.69 million. Hawkins had a return on equity of 18.93% and a net margin of 8.66%. On average, equities analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, May 30th. Hawkins's payout ratio is 17.82%.

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.