SG Americas Securities LLC Invests $1.29 Million in Hawkins, Inc. (NASDAQ:HWKN)

SG Americas Securities LLC purchased a new position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,147 shares of the specialty chemicals company's stock, valued at approximately $1,287,000. SG Americas Securities LLC owned about 0.06% of Hawkins at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new position in Hawkins in the 4th quarter worth $34,000. Blue Trust Inc. boosted its position in Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after buying an additional 216 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Hawkins in the 4th quarter worth approximately $53,000. Smartleaf Asset Management LLC raised its position in Hawkins by 262.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after buying an additional 320 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Hawkins by 20.4% during the 1st quarter. GAMMA Investing LLC now owns 531 shares of the specialty chemicals company's stock worth $56,000 after buying an additional 90 shares during the last quarter. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on HWKN. BWS Financial reissued a "buy" rating and set a $160.00 target price on shares of Hawkins in a report on Thursday, May 15th. CJS Securities started coverage on Hawkins in a research report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price target on the stock. Finally, Wall Street Zen downgraded Hawkins from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th.

Hawkins Stock Performance

Shares of NASDAQ:HWKN traded down $0.29 during trading on Friday, hitting $137.96. 122,265 shares of the stock traded hands, compared to its average volume of 127,201. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $126.84 and a two-hundred day moving average price of $118.51. Hawkins, Inc. has a 52-week low of $87.24 and a 52-week high of $140.58. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.31 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 EPS for the quarter, beating 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 8.66% and a return on equity of 18.93%. As a group, equities analysts predict that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Announces Dividend

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

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.