Aviva PLC Makes New $575,000 Investment in Hawkins, Inc. (NASDAQ:HWKN)

Aviva PLC purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,687 shares of the specialty chemicals company's stock, valued at approximately $575,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in shares of Hawkins by 155.4% during the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock worth $44,000 after acquiring an additional 216 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Hawkins by 262.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock valued at $55,000 after purchasing an additional 320 shares in the last quarter. TD Private Client Wealth LLC increased its position in Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock worth $59,000 after purchasing an additional 325 shares during the period. KBC Group NV increased its position in Hawkins by 37.0% during the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after purchasing an additional 256 shares during the period. Finally, Longboard Asset Management LP purchased a new position in shares of Hawkins during the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BWS Financial raised Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price objective on the stock in a report on Monday. CJS Securities initiated coverage on shares of Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price target for the company.

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Hawkins Price Performance

NASDAQ HWKN traded up $9.05 during mid-day trading on Monday, hitting $123.83. The stock had a trading volume of 158,000 shares, compared to its average volume of 124,027. The company has a 50 day simple moving average of $107.57 and a 200 day simple moving average of $117.76. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 3.80 and a beta of 0.82. Hawkins, Inc. has a 52-week low of $71.98 and a 52-week high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. Equities analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's dividend payout ratio (DPR) is presently 18.37%.

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.