Proficio Capital Partners LLC Purchases New Shares in Hawkins, Inc. (NASDAQ:HWKN)

Proficio Capital Partners LLC purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,323 shares of the specialty chemicals company's stock, valued at approximately $2,984,000. Proficio Capital Partners LLC owned 0.12% of Hawkins as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HWKN. Larson Financial Group LLC increased its position in Hawkins by 8,633.3% during the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 259 shares during the period. Blue Trust Inc. increased its position in 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 increased its position 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. TD Private Client Wealth LLC increased its position in Hawkins by 242.5% during the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock worth $59,000 after acquiring an additional 325 shares during the period. Finally, KBC Group NV increased its position in Hawkins by 37.0% during the fourth quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after acquiring an additional 256 shares during the period. Institutional investors own 69.71% of the company's stock.

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Hawkins Stock Performance

HWKN traded up $0.76 during trading on Friday, reaching $105.77. 367,892 shares of the company's stock were exchanged, compared to its average volume of 121,013. Hawkins, Inc. has a fifty-two week low of $71.98 and a fifty-two week high of $139.55. 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 business has a 50 day moving average price of $109.41 and a 200 day moving average price of $119.07. The company has a market capitalization of $2.21 billion, a P/E ratio of 26.98, a PEG ratio of 3.80 and a beta of 0.77.

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 return on equity of 18.95% and a net margin of 8.60%. As a group, analysts predict that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.18 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 0.68%. Hawkins's dividend payout ratio is presently 18.37%.

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 Friday, January 31st.

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.