Tealwood Asset Management Inc. Purchases New Stake in Hawkins, Inc. (NASDAQ:HWKN)

Tealwood Asset Management Inc. bought a new position in Hawkins, Inc. (NASDAQ:HWKN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,770 shares of the specialty chemicals company’s stock, valued at approximately $830,000.

Several other large investors also recently bought and sold shares of the company. Ellsworth Advisors LLC boosted its holdings in shares of Hawkins by 1.2% during the third quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company’s stock valued at $964,000 after acquiring an additional 89 shares during the period. Arizona State Retirement System lifted its position in shares of Hawkins by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock valued at $507,000 after acquiring an additional 103 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hawkins by 71.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 168 shares during the last quarter. Creative Planning boosted its holdings in shares of Hawkins by 7.3% in the second quarter. Creative Planning now owns 3,324 shares of the specialty chemicals company’s stock worth $302,000 after buying an additional 225 shares during the period. Finally, USA Financial Formulas raised its stake in 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 purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Price Performance

NASDAQ HWKN opened at $110.83 on Tuesday. The stock has a market capitalization of $2.32 billion, a PE ratio of 28.35, a P/E/G ratio of 4.51 and a beta of 0.84. Hawkins, Inc. has a twelve month low of $54.44 and a twelve month high of $139.55. The stock has a 50-day simple moving average of $126.15 and a 200 day simple moving average of $119.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a net margin of 8.74% and a return on equity of 19.64%. The company had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. Research analysts anticipate that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.18 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.72 dividend on an annualized basis and a yield of 0.65%. Hawkins’s payout ratio is 18.41%.

Analysts Set New Price Targets

Separately, BWS Financial reissued a “neutral” rating and set a $122.00 target price on shares of Hawkins in a research note on Thursday, October 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.