Blue Trust Inc. Buys 234 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Blue Trust Inc. boosted its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 168.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 373 shares of the specialty chemicals company’s stock after buying an additional 234 shares during the quarter. Blue Trust Inc.’s holdings in Hawkins were worth $48,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Hawkins by 8,633.3% in the third quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 259 shares during the period. GAMMA Investing LLC grew its holdings in Hawkins by 71.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 168 shares during the period. Farther Finance Advisors LLC increased its stake in Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 347 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in 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 during the period. Finally, SG Americas Securities LLC bought a new position in shares of Hawkins during the third quarter worth $100,000. Institutional investors own 69.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hawkins Price Performance

Shares of NASDAQ HWKN opened at $112.67 on Monday. Hawkins, Inc. has a twelve month low of $60.01 and a twelve month high of $139.55. The company has a market cap of $2.36 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.96 and a beta of 0.82. The business’s 50 day moving average price is $121.10 and its two-hundred day moving average price is $121.48. 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 (NASDAQ:HWKN) last announced its 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 return on equity of 18.95% and a net margin of 8.60%. On average, analysts predict that Hawkins, Inc. will post 4.14 EPS for the current year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.72 annualized dividend and a yield of 0.64%. Hawkins’s payout ratio is currently 18.37%.

About Hawkins

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.