Focus Financial Network Inc. Buys New Position in Hawkins, Inc. (NASDAQ:HWKN)

Focus Financial Network Inc. purchased a new position in Hawkins, Inc. (NASDAQ:HWKN) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,111 shares of the specialty chemicals company’s stock, valued at approximately $259,000.

Other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its position in shares of Hawkins by 487.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 254,837 shares of the specialty chemicals company’s stock worth $31,260,000 after acquiring an additional 211,472 shares in the last quarter. FMR LLC increased its holdings in Hawkins by 20.9% in the third quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock worth $32,663,000 after purchasing an additional 44,351 shares in the last quarter. State Street Corp lifted its stake in Hawkins by 5.4% in the third quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company’s stock valued at $96,367,000 after buying an additional 38,877 shares during the period. Rice Hall James & Associates LLC bought a new position in shares of Hawkins during the 3rd quarter worth approximately $4,016,000. Finally, Jane Street Group LLC grew its position in shares of Hawkins by 127.3% during the 3rd quarter. Jane Street Group LLC now owns 47,432 shares of the specialty chemicals company’s stock worth $6,046,000 after buying an additional 26,568 shares during the period. 69.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Hawkins Stock Performance

Shares of Hawkins stock opened at $110.39 on Friday. The business has a 50-day simple moving average of $118.68 and a 200 day simple moving average of $121.46. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 3.96 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. Hawkins, Inc. has a one year low of $66.90 and a one year high of $139.55.

Hawkins (NASDAQ:HWKN) last issued its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share 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, research analysts anticipate that Hawkins, Inc. will post 4.14 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The firm 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 dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Friday, February 14th. Hawkins’s payout ratio is presently 18.37%.

Hawkins 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.