Cerity Partners LLC Acquires 74,320 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Cerity Partners LLC grew its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 900.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,576 shares of the specialty chemicals company's stock after purchasing an additional 74,320 shares during the period. Cerity Partners LLC owned approximately 0.39% of Hawkins worth $10,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HWKN. Jane Street Group LLC boosted its position in 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 acquiring an additional 26,568 shares during the period. Barclays PLC boosted its holdings in shares of Hawkins by 180.1% during the third quarter. Barclays PLC now owns 39,728 shares of the specialty chemicals company's stock worth $5,064,000 after purchasing an additional 25,545 shares during the period. State Street Corp grew its position in Hawkins by 5.4% during the third quarter. State Street Corp now owns 755,995 shares of the specialty chemicals company's stock valued at $96,367,000 after purchasing an additional 38,877 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in 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 valued at $31,260,000 after buying an additional 211,472 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Hawkins in the 4th quarter worth approximately $2,984,000. Institutional investors and hedge funds own 69.71% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HWKN shares. BWS Financial raised shares of Hawkins from a "neutral" rating to a "buy" rating and set a $160.00 price target on the stock in a research note on Monday. CJS Securities began coverage on Hawkins in a research note on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price target for the company.

Hawkins Stock Down 0.2 %

Shares of HWKN traded down $0.23 during mid-day trading on Wednesday, hitting $121.52. 47,900 shares of the company's stock were exchanged, compared to its average volume of 123,603. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 3.80 and a beta of 0.82. The firm has a fifty day moving average of $107.92 and a two-hundred day moving average of $117.78. The company has a quick ratio of 1.53, a current ratio of 2.50 and a debt-to-equity ratio of 0.23. Hawkins, Inc. has a twelve month low of $71.98 and a twelve month high of $139.55.

Hawkins (NASDAQ:HWKN - Get Free Report) last posted its earnings results on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share 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, sell-side analysts forecast that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. Hawkins's dividend payout ratio is 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.