NewEdge Advisors LLC Buys New Holdings in Hawkins, Inc. (NASDAQ:HWKN)

NewEdge Advisors LLC purchased a new position in Hawkins, Inc. (NASDAQ:HWKN) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 435 shares of the specialty chemicals company’s stock, valued at approximately $53,000.

Several other institutional investors have also recently made changes to their positions in the business. Summit Investment Advisors Inc. boosted its position in Hawkins by 5.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,023 shares of the specialty chemicals company’s stock worth $248,000 after purchasing an additional 99 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Hawkins by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 13,527 shares of the specialty chemicals company’s stock valued at $1,659,000 after buying an additional 100 shares in the last quarter. Mariner LLC raised its position in shares of Hawkins by 7.4% in the fourth quarter. Mariner LLC now owns 1,956 shares of the specialty chemicals company’s stock worth $240,000 after acquiring an additional 135 shares during the period. Values First Advisors Inc. boosted its stake in shares of Hawkins by 1.4% during the 4th quarter. Values First Advisors Inc. now owns 12,056 shares of the specialty chemicals company’s stock worth $1,479,000 after acquiring an additional 170 shares in the last quarter. Finally, Ellsworth Advisors LLC grew its position in shares of Hawkins by 2.5% during the 4th quarter. Ellsworth Advisors LLC now owns 7,747 shares of the specialty chemicals company’s stock valued at $950,000 after acquiring an additional 187 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BWS Financial upgraded Hawkins from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Monday, April 14th. CJS Securities initiated coverage on shares of Hawkins in a research note on Tuesday, April 1st. They issued a “market outperform” rating and a $125.00 price target on the stock.

Hawkins Trading Up 4.2 %

Shares of HWKN stock opened at $124.50 on Friday. The stock’s fifty day moving average is $111.20 and its two-hundred day moving average is $117.20. The firm has a market capitalization of $2.61 billion, a P/E ratio of 31.76, a PEG 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 fifty-two week low of $71.98 and a fifty-two week high of $139.55.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a net margin of 8.60% and a return on equity of 18.95%. Research analysts expect that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

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.