Quantedge Capital Pte Ltd Has $1.13 Million Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Quantedge Capital Pte Ltd decreased its position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 37.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,200 shares of the specialty chemicals company's stock after selling 5,600 shares during the period. Quantedge Capital Pte Ltd's holdings in Hawkins were worth $1,129,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HWKN. Blue Trust Inc. grew its stake in shares of 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 buying an additional 216 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Hawkins in the fourth quarter worth $53,000. Smartleaf Asset Management LLC increased its position in Hawkins by 262.3% during the fourth 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. KBC Group NV raised its holdings in Hawkins by 37.0% during the fourth quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock valued at $116,000 after buying an additional 256 shares in the last quarter. Finally, Defined Financial Planning LLC bought a new position in Hawkins during the fourth quarter valued at about $205,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Stock Performance

Shares of NASDAQ:HWKN traded down $0.97 during midday trading on Tuesday, hitting $124.85. The company's stock had a trading volume of 19,557 shares, compared to its average volume of 130,604. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. The stock's 50 day simple moving average is $114.77 and its 200 day simple moving average is $117.27. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 3.80 and a beta of 0.87. Hawkins, Inc. has a fifty-two week low of $83.88 and a fifty-two week high of $139.55.

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

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.18 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 0.58%. Hawkins's payout ratio is currently 17.82%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. CJS Securities initiated coverage on Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price objective on the stock. BWS Financial reissued a "buy" rating and issued a $160.00 price target on shares of Hawkins in a research report on Thursday, May 15th.

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.