Cannon Global Investment Management LLC Acquires New Position in Hawkins, Inc. (NASDAQ:HWKN)

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

Other large investors have also recently modified their holdings of the company. Jane Street Group LLC raised its stake in Hawkins by 127.3% during the third 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 in the last quarter. Natixis Advisors LLC acquired a new position in Hawkins during the 3rd quarter worth approximately $2,495,000. FMR LLC lifted its stake in Hawkins by 20.9% in the 3rd quarter. FMR LLC now owns 256,245 shares of the specialty chemicals company’s stock valued at $32,663,000 after purchasing an additional 44,351 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Hawkins by 86.8% in the third quarter. Thrivent Financial for Lutherans now owns 29,507 shares of the specialty chemicals company’s stock valued at $3,761,000 after buying an additional 13,709 shares in the last quarter. Finally, Barclays PLC grew its stake 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 buying an additional 25,545 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 price target on shares of Hawkins in a research note on Friday, January 31st.

Hawkins Stock Performance

NASDAQ:HWKN opened at $105.77 on Monday. The stock’s 50-day moving average is $109.41 and its 200-day moving average is $119.03. Hawkins, Inc. has a 1-year low of $71.98 and a 1-year high of $139.55. The company has a current ratio of 2.50, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.21 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last posted its 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 return on equity of 18.95% and a net margin of 8.60%. Equities research analysts anticipate that Hawkins, Inc. will post 4 earnings per share for the current year.

Hawkins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, February 14th. Hawkins’s dividend payout ratio 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.