Longboard Asset Management LP Takes Position in Hawkins, Inc. (NASDAQ:HWKN)

Longboard Asset Management LP acquired a new stake in Hawkins, Inc. (NASDAQ:HWKNFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,726 shares of the specialty chemicals company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of Hawkins by 8,633.3% during the 3rd 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 during the period. Blue Trust Inc. boosted its holdings in shares of Hawkins by 168.3% during the 4th quarter. Blue Trust Inc. now owns 373 shares of the specialty chemicals company’s stock worth $48,000 after buying an additional 234 shares during the period. GAMMA Investing LLC boosted its holdings 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 buying an additional 168 shares during the period. TD Private Client Wealth LLC boosted its holdings 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 worth $59,000 after buying an additional 325 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings 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 worth $59,000 after buying an additional 347 shares during the period. Institutional investors own 69.71% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 price objective on shares of Hawkins in a research note on Friday, January 31st.

Read Our Latest Research Report on Hawkins

Hawkins Price Performance

Shares of Hawkins stock opened at $115.98 on Wednesday. Hawkins, Inc. has a twelve month low of $58.26 and a twelve month 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 company has a 50-day simple moving average of $122.31 and a two-hundred day simple moving average of $121.32. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.82.

Hawkins (NASDAQ:HWKNGet Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. Analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, February 14th. Hawkins’s payout ratio is presently 18.37%.

Hawkins Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hawkins (NASDAQ:HWKN)

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