Harvest Investment Services LLC Takes $817,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Harvest Investment Services LLC bought a new position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,661 shares of the specialty chemicals company's stock, valued at approximately $817,000.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Hawkins by 155.4% in the fourth quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company's stock valued at $44,000 after acquiring an additional 216 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Hawkins in the fourth quarter worth approximately $53,000. Smartleaf Asset Management LLC lifted its holdings in Hawkins by 262.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 320 shares during the period. KBC Group NV raised its holdings in shares of Hawkins by 37.0% in 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, Defined Financial Planning LLC bought a new stake in shares of Hawkins during the 4th quarter valued at $205,000. 69.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HWKN has been the subject of several recent research reports. BWS Financial raised shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a research note on Monday, April 14th. CJS Securities initiated coverage on Hawkins in a report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 target price on the stock.

Hawkins Stock Down 0.8 %

Shares of NASDAQ:HWKN traded down $0.99 during trading on Friday, reaching $124.50. The stock had a trading volume of 111,616 shares, compared to its average volume of 122,898. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The firm's 50-day simple moving average is $109.65 and its 200 day simple moving average is $117.60. Hawkins, Inc. has a one year low of $71.98 and a one year high of $139.55. The company has a market capitalization of $2.61 billion, a P/E ratio of 31.76, a PEG ratio of 3.80 and a beta of 0.82.

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

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a yield of 0.58%. Hawkins's dividend payout ratio is currently 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.