SG Americas Securities LLC Buys Shares of 788 Hawkins, Inc. (NASDAQ:HWKN)

SG Americas Securities LLC purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 788 shares of the specialty chemicals company’s stock, valued at approximately $100,000.

Several other large investors also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its position in Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after purchasing an additional 631 shares during the period. Valtinson Bruner Financial Planning LLC bought a new position in Hawkins in the 2nd quarter worth approximately $223,000. DDFG Inc purchased a new position in Hawkins in the 2nd quarter valued at approximately $236,000. Morgan Dempsey Capital Management LLC grew its stake in Hawkins by 5.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 127 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Hawkins during the 1st quarter valued at $212,000. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Hawkins Stock Performance

Hawkins stock opened at $116.50 on Monday. Hawkins, Inc. has a fifty-two week low of $53.64 and a fifty-two week high of $135.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.44 and a current ratio of 2.27. The stock has a market cap of $2.43 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 4.10 and a beta of 0.74. The firm’s fifty day moving average price is $123.32 and its 200-day moving average price is $102.85.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.37. The company had revenue of $255.88 million during the quarter, compared to the consensus estimate of $254.30 million. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. On average, equities research analysts expect that Hawkins, Inc. will post 4.28 earnings per share for the current fiscal year.

Hawkins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.72 annualized dividend and a dividend yield of 0.62%. This is an increase from Hawkins’s previous quarterly dividend of $0.16. Hawkins’s payout ratio is currently 18.70%.

Analysts Set New Price Targets

Separately, BWS Financial downgraded Hawkins from a “buy” rating to a “neutral” rating and set a $122.00 target price for the company. in a research note on Wednesday, October 16th.

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.