Tealwood Asset Management Inc. Buys New Shares in Hawkins, Inc. (NASDAQ:HWKN)

Tealwood Asset Management Inc. purchased a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,770 shares of the specialty chemicals company's stock, valued at approximately $830,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC boosted its holdings in shares of Hawkins by 127.3% in the third quarter. Jane Street Group LLC now owns 47,432 shares of the specialty chemicals company's stock valued at $6,046,000 after purchasing an additional 26,568 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Hawkins during the 3rd quarter valued at $2,021,000. Bridges Investment Management Inc. purchased a new stake in shares of Hawkins in the 2nd quarter worth $487,000. Public Sector Pension Investment Board grew its position in shares of Hawkins by 6.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 41,857 shares of the specialty chemicals company's stock worth $3,809,000 after buying an additional 2,599 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Hawkins by 22.4% during the second quarter. American Century Companies Inc. now owns 360,714 shares of the specialty chemicals company's stock valued at $32,825,000 after buying an additional 66,109 shares during the period. Hedge funds and other institutional investors own 69.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hawkins Stock Up 1.0 %

HWKN stock traded up $1.10 during trading on Tuesday, hitting $111.93. 144,014 shares of the company's stock traded hands, compared to its average volume of 152,827. The firm has a market capitalization of $2.34 billion, a P/E ratio of 28.63, a PEG ratio of 4.51 and a beta of 0.84. Hawkins, Inc. has a 1 year low of $54.44 and a 1 year high of $139.55. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $126.15 and a two-hundred day simple moving average of $119.32.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $247.03 million during the quarter, compared to analysts' expectations of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. Sell-side analysts anticipate that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.64%. Hawkins's dividend payout ratio is presently 18.41%.

Hawkins Company 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.