PFG Investments LLC Takes Position in Hawkins, Inc. (NASDAQ:HWKN)

PFG Investments LLC purchased a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,811 shares of the specialty chemicals company's stock, valued at approximately $1,569,000. PFG Investments LLC owned approximately 0.07% of Hawkins as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HWKN. New York State Teachers Retirement System grew its holdings in shares of Hawkins by 0.7% during the 4th quarter. New York State Teachers Retirement System now owns 13,527 shares of the specialty chemicals company's stock valued at $1,659,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. boosted its holdings in Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 216 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Hawkins by 4.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 16,620 shares of the specialty chemicals company's stock worth $2,039,000 after purchasing an additional 768 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Hawkins by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 99,420 shares of the specialty chemicals company's stock worth $12,196,000 after purchasing an additional 3,436 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in Hawkins in the fourth quarter worth $613,000. 69.71% of the stock is currently owned by hedge funds and other institutional investors.

Hawkins Stock Down 0.7%

HWKN stock opened at $137.28 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 1.37. Hawkins, Inc. has a 52-week low of $87.24 and a 52-week high of $140.58. The company has a 50-day moving average of $127.29 and a two-hundred day moving average of $118.38. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.29 and a beta of 0.85.

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

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, May 30th. Hawkins's dividend payout ratio (DPR) is 17.82%.

Wall Street Analyst Weigh In

HWKN has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Hawkins from a "hold" rating to a "buy" rating in a report on Saturday. BWS Financial reiterated a "buy" rating and issued a $160.00 price objective on shares of Hawkins in a report on Thursday, May 15th. Finally, CJS Securities initiated coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective for the company.

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.

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