SkyOak Wealth LLC Invests $280,000 in Hawkins, Inc. (NASDAQ:HWKN)

SkyOak Wealth LLC bought a new stake in shares of Hawkins, Inc. (NASDAQ:HWKN) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,286 shares of the specialty chemicals company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Larson Financial Group LLC lifted its position in shares of Hawkins by 8,633.3% during the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 259 shares in the last quarter. Blue Trust Inc. raised its stake in Hawkins by 168.3% during the 4th quarter. Blue Trust Inc. now owns 373 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 234 shares during the period. GAMMA Investing LLC boosted its position in shares of Hawkins by 71.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 168 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 347 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 325 shares during the period. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Trading Up 0.6 %

HWKN stock opened at $106.91 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. Hawkins, Inc. has a 1-year low of $54.44 and a 1-year high of $139.55. The business has a 50 day simple moving average of $123.20 and a two-hundred day simple moving average of $121.19. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 4.03 and a beta of 0.84.

Hawkins (NASDAQ:HWKN) last posted its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 19.33%. Research analysts anticipate that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, February 14th. Hawkins’s payout ratio is presently 18.37%.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 price target on shares of Hawkins in a research note on Friday.

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.