OLD Mission Capital LLC Purchases New Position in Hawkins, Inc. (NASDAQ:HWKN)

OLD Mission Capital LLC acquired a new position in shares of Hawkins, Inc. (NASDAQ:HWKN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,820 shares of the specialty chemicals company’s stock, valued at approximately $837,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Hawkins by 7.1% during the third quarter. The Manufacturers Life Insurance Company now owns 11,009 shares of the specialty chemicals company’s stock worth $1,403,000 after buying an additional 732 shares during the period. FMR LLC increased its holdings in shares of Hawkins by 20.9% in the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock valued at $32,663,000 after acquiring an additional 44,351 shares during the period. BNP Paribas Financial Markets raised its position in Hawkins by 3.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,868 shares of the specialty chemicals company’s stock valued at $1,385,000 after purchasing an additional 378 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Hawkins during the 3rd quarter worth $255,000. Finally, State Street Corp grew its position in Hawkins by 5.4% during the 3rd quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock worth $96,367,000 after purchasing an additional 38,877 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Performance

Shares of HWKN opened at $107.09 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 27.32, a P/E/G ratio of 3.80 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. Hawkins, Inc. has a 1 year low of $71.98 and a 1 year high of $139.55. The company’s fifty day moving average is $108.07 and its two-hundred day moving average is $118.38.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (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%. On average, sell-side analysts predict that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins’s dividend payout ratio (DPR) is 18.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HWKN shares. CJS Securities began coverage on shares of Hawkins in a report on Tuesday. They issued a “market outperform” rating and a $125.00 target price for the company. BWS Financial reaffirmed a “neutral” rating and set a $122.00 price objective 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.