SG Americas Securities LLC Acquires New Stake in Hawkins, Inc. (NASDAQ:HWKN)

SG Americas Securities LLC acquired a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 12,147 shares of the specialty chemicals company's stock, valued at approximately $1,287,000. SG Americas Securities LLC owned approximately 0.06% of Hawkins at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Wasatch Advisors LP bought a new stake in Hawkins in the 4th quarter valued at $42,466,000. Northern Trust Corp lifted its position in Hawkins by 16.1% in the 4th quarter. Northern Trust Corp now owns 235,096 shares of the specialty chemicals company's stock valued at $28,839,000 after acquiring an additional 32,670 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Hawkins by 61.9% in the 4th quarter. JPMorgan Chase & Co. now owns 149,616 shares of the specialty chemicals company's stock valued at $18,353,000 after buying an additional 57,179 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Hawkins in the 4th quarter valued at $13,087,000. Finally, Principal Financial Group Inc. increased its stake in Hawkins by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 99,420 shares of the specialty chemicals company's stock valued at $12,196,000 after buying an additional 3,436 shares during the last quarter. 69.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HWKN shares. CJS Securities started coverage on shares of Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price target on the stock. Wall Street Zen lowered shares of Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. 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 Up 0.7%

Hawkins stock opened at $136.78 on Tuesday. The firm has a market capitalization of $2.85 billion, a PE ratio of 34.89, a P/E/G ratio of 3.80 and a beta of 0.85. The company's 50-day moving average is $125.27 and its 200-day moving average is $118.23. Hawkins, Inc. has a fifty-two week low of $85.38 and a fifty-two week high of $140.58. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The company had revenue of $245.32 million for the quarter, compared to analyst estimates of $230.69 million. Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Sell-side analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.53%. Hawkins's dividend payout ratio is presently 17.82%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.