Natixis Advisors LLC Makes New $2.50 Million Investment in Hawkins, Inc. (NASDAQ:HWKN)

Natixis Advisors LLC bought a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,575 shares of the specialty chemicals company's stock, valued at approximately $2,495,000. Natixis Advisors LLC owned approximately 0.09% of Hawkins as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 168 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Hawkins by 289.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock valued at $59,000 after purchasing an additional 347 shares during the period. SG Americas Securities LLC purchased a new position in shares of Hawkins in the 3rd quarter worth about $100,000. USA Financial Formulas increased its holdings in Hawkins by 35.1% during the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company's stock worth $113,000 after buying an additional 230 shares during the last quarter. Finally, Capital Investment Advisors LLC purchased a new position in Hawkins in the third quarter valued at about $225,000. Institutional investors own 69.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hawkins Stock Performance

Shares of HWKN traded up $5.44 during trading hours on Monday, hitting $135.47. The company's stock had a trading volume of 166,840 shares, compared to its average volume of 128,405. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 4.51 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. The business has a 50 day simple moving average of $123.19 and a two-hundred day simple moving average of $109.03. Hawkins, Inc. has a 52-week low of $54.44 and a 52-week high of $136.43.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). The company had revenue of $247.03 million for the quarter, compared to analysts' expectations of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. On average, equities analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.53%. Hawkins's payout ratio is currently 18.41%.

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.