SpiderRock Advisors LLC Takes $685,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

SpiderRock Advisors LLC bought a new position in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,373 shares of the specialty chemicals company's stock, valued at approximately $685,000.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 168 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Hawkins by 289.2% during the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock worth $59,000 after acquiring an additional 347 shares during the last quarter. SG Americas Securities LLC bought a new stake in Hawkins in the 3rd quarter worth approximately $100,000. USA Financial Formulas raised its position in shares of Hawkins by 35.1% during the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company's stock valued at $113,000 after buying an additional 230 shares in the last quarter. Finally, Capital Investment Advisors LLC bought a new position in shares of Hawkins during the 3rd quarter valued at approximately $225,000. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Trading Up 1.3 %

HWKN traded up $1.65 during trading on Monday, hitting $126.92. 50,409 shares of the stock were exchanged, compared to its average volume of 128,781. Hawkins, Inc. has a 1 year low of $54.44 and a 1 year high of $135.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The firm has a 50 day simple moving average of $121.63 and a 200 day simple moving average of $105.55. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 4.35 and a beta of 0.77.

Hawkins (NASDAQ:HWKN - Get Free Report) last released 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 business had revenue of $247.03 million for the quarter, compared to the consensus estimate of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. As a group, equities analysts expect that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, November 15th. Hawkins's dividend payout ratio is currently 18.41%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a "neutral" rating and issued a $122.00 price objective on shares of Hawkins in a research report on Thursday, October 31st.

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.