Tidal Investments LLC Purchases Shares of 6,238 Hawkins, Inc. (NASDAQ:HWKN)

Tidal Investments LLC purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,238 shares of the specialty chemicals company’s stock, valued at approximately $795,000.

Several other large investors have also recently made changes to their positions in HWKN. American Century Companies Inc. raised its position in Hawkins by 22.4% in the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company’s stock valued at $32,825,000 after purchasing an additional 66,109 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of Hawkins in the 2nd quarter valued at $4,741,000. Westwood Holdings Group Inc. lifted its stake in Hawkins by 11.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 457,342 shares of the specialty chemicals company’s stock worth $41,618,000 after acquiring an additional 47,129 shares in the last quarter. FMR LLC lifted its stake in Hawkins by 20.9% during the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock worth $32,663,000 after acquiring an additional 44,351 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Hawkins during the 3rd quarter valued at about $5,528,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Stock Performance

NASDAQ:HWKN opened at $123.98 on Friday. Hawkins, Inc. has a 52 week low of $54.44 and a 52 week high of $139.55. The company has a fifty day simple moving average of $126.30 and a two-hundred day simple moving average of $115.02. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 4.76 and a beta of 0.83.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The company had revenue of $247.03 million for the quarter, compared to analyst estimates of $259.59 million. As a group, equities analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. Hawkins’s payout ratio is 18.41%.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “neutral” rating and set a $122.00 price target on shares of Hawkins in a research note on Thursday, October 31st.

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.