2,300 Shares in Hawkins, Inc. (NASDAQ:HWKN) Purchased by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC acquired a new stake in Hawkins, Inc. (NASDAQ:HWKN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,300 shares of the specialty chemicals company’s stock, valued at approximately $282,000.

A number of other hedge funds also recently made changes to their positions in HWKN. Larson Financial Group LLC raised its stake in Hawkins by 8,633.3% in the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 259 shares during the period. Blue Trust Inc. lifted its stake in shares of Hawkins by 155.4% during the 4th quarter. Blue Trust Inc. now owns 355 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 216 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Hawkins by 262.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 320 shares during the period. TD Private Client Wealth LLC grew its stake in Hawkins by 242.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 325 shares during the last quarter. Finally, KBC Group NV raised its holdings in Hawkins by 37.0% in the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company’s stock valued at $116,000 after acquiring an additional 256 shares during the period. 69.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a report on Friday, January 31st.

Hawkins Stock Performance

Shares of NASDAQ HWKN opened at $105.77 on Monday. Hawkins, Inc. has a one year low of $71.98 and a one year high of $139.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.50 and a quick ratio of 1.53. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 3.80 and a beta of 0.77. The stock’s fifty day moving average price is $109.41 and its two-hundred day moving average price is $119.03.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 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%. On average, equities analysts forecast that Hawkins, Inc. will post 4 EPS for the current year.

Hawkins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins’s dividend payout ratio (DPR) is currently 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.