Cynosure Group LLC Takes $299,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Cynosure Group LLC bought a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,439 shares of the specialty chemicals company's stock, valued at approximately $299,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Hawkins by 155.4% in 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in 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 acquiring an additional 320 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Hawkins by 242.5% in the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company's stock worth $59,000 after purchasing an additional 325 shares in the last quarter. KBC Group NV increased its holdings in shares of Hawkins by 37.0% during the fourth quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock valued at $116,000 after purchasing an additional 256 shares during the period. Finally, Longboard Asset Management LP bought a new stake in shares of Hawkins during the fourth quarter valued at about $212,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Analyst Upgrades and Downgrades

HWKN has been the subject of a number of recent analyst reports. CJS Securities began coverage on shares of Hawkins in a research report on Tuesday, April 1st. They issued a "market outperform" rating and a $125.00 target price for the company. BWS Financial reiterated a "neutral" rating and issued a $122.00 price objective on shares of Hawkins in a report on Friday, January 31st.

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Hawkins Price Performance

Shares of HWKN traded up $9.01 during midday trading on Wednesday, reaching $112.33. The stock had a trading volume of 141,209 shares, compared to its average volume of 123,927. 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 company has a market capitalization of $2.35 billion, a P/E ratio of 28.66, a P/E/G ratio of 3.80 and a beta of 0.82. The firm's 50 day moving average price is $107.64 and its 200-day moving average price is $117.90. Hawkins, Inc. has a 52 week low of $71.98 and a 52 week high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last issued its quarterly 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 net margin of 8.60% and a return on equity of 18.95%. On average, analysts forecast that Hawkins, Inc. will post 4 earnings per share for the current fiscal year.

Hawkins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's payout ratio is 18.37%.

Hawkins Company 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.