Sierra Summit Advisors LLC Takes $565,000 Position in Hawkins, Inc. (NASDAQ:HWKN)

Sierra Summit Advisors LLC purchased a new stake in Hawkins, Inc. (NASDAQ:HWKN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,605 shares of the specialty chemicals company's stock, valued at approximately $565,000.

A number of other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Hawkins by 88.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,377 shares of the specialty chemicals company's stock worth $1,641,000 after buying an additional 6,280 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Hawkins by 47.0% during the 4th quarter. Wedbush Securities Inc. now owns 3,164 shares of the specialty chemicals company's stock worth $388,000 after acquiring an additional 1,011 shares in the last quarter. Aviva PLC bought a new position in Hawkins in the fourth quarter valued at approximately $575,000. Wells Fargo & Company MN raised its position in Hawkins by 56.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,605 shares of the specialty chemicals company's stock valued at $1,178,000 after purchasing an additional 3,485 shares in the last quarter. Finally, Cynosure Group LLC bought a new stake in Hawkins during the fourth quarter worth $299,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HWKN shares. CJS Securities assumed coverage on Hawkins in a research note on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 target price for the company. BWS Financial reaffirmed a "neutral" rating and set a $122.00 price target on shares of Hawkins in a report on Friday, January 31st.

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Hawkins Trading Up 3.9 %

Shares of NASDAQ:HWKN traded up $4.32 during midday trading on Friday, hitting $114.78. 79,023 shares of the stock were exchanged, compared to its average volume of 123,805. The business's 50-day moving average price is $107.57 and its 200 day moving average price is $117.81. Hawkins, Inc. has a 12 month low of $71.98 and a 12 month high of $139.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 3.80 and a beta of 0.82.

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

Hawkins Dividend Announcement

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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.63%. Hawkins's dividend payout ratio (DPR) is currently 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.