Tidal Investments LLC Makes New Investment in Hawkins, Inc. (NASDAQ:HWKN)

Tidal Investments LLC acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,238 shares of the specialty chemicals company's stock, valued at approximately $795,000.

Several other institutional investors have also recently made changes to their positions in HWKN. Larson Financial Group LLC boosted its holdings 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 buying an additional 259 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 168 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Hawkins by 242.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock valued at $59,000 after acquiring an additional 325 shares during the period. Farther Finance Advisors LLC grew its position in shares of Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company's stock valued at $59,000 after acquiring an additional 347 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Hawkins in the 3rd quarter valued at about $100,000. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Price Performance

NASDAQ HWKN traded up $4.55 on Friday, hitting $123.98. The company had a trading volume of 442,149 shares, compared to its average volume of 127,399. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. The company's fifty day moving average price is $126.17 and its 200-day moving average price is $115.27. The company has a market capitalization of $2.59 billion, a PE ratio of 31.71, a PEG ratio of 4.76 and a beta of 0.83. Hawkins, Inc. has a 12-month low of $54.44 and a 12-month high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The company had revenue of $247.03 million for the quarter, compared to analysts' expectations of $259.59 million. As a group, analysts predict that Hawkins, Inc. will post 4.12 earnings per share 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 dividend of $0.18 per share. The ex-dividend date was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. Hawkins's payout ratio is currently 18.41%.

Analyst Upgrades and Downgrades

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

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.