Commonwealth Equity Services LLC Purchases 3,034 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Commonwealth Equity Services LLC lifted its position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 118.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,603 shares of the specialty chemicals company's stock after buying an additional 3,034 shares during the period. Commonwealth Equity Services LLC's holdings in Hawkins were worth $687,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Cerity Partners LLC boosted its holdings in Hawkins by 5.9% during the third quarter. Cerity Partners LLC now owns 8,256 shares of the specialty chemicals company's stock worth $1,052,000 after purchasing an additional 460 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Hawkins by 7.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,009 shares of the specialty chemicals company's stock worth $1,403,000 after buying an additional 732 shares during the last quarter. FMR LLC grew its holdings in shares of Hawkins by 20.9% in the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company's stock valued at $32,663,000 after acquiring an additional 44,351 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Hawkins by 3.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,868 shares of the specialty chemicals company's stock valued at $1,385,000 after acquiring an additional 378 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Hawkins in the third quarter valued at about $255,000. 69.71% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. CJS Securities assumed coverage on Hawkins in a research note on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 price target for the company. BWS Financial reissued a "neutral" rating and issued a $122.00 target price on shares of Hawkins in a research note on Friday, January 31st.

Hawkins Stock Performance

NASDAQ:HWKN traded down $2.15 on Tuesday, hitting $103.32. The company's stock had a trading volume of 117,286 shares, compared to its average volume of 123,870. Hawkins, Inc. has a one year low of $71.98 and a one year high of $139.55. The firm has a market capitalization of $2.16 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 3.80 and a beta of 0.82. The stock has a fifty day moving average of $107.41 and a two-hundred day moving average of $117.99. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

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

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's payout ratio is presently 18.37%.

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.