Balyasny Asset Management L.P. Increases Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Balyasny Asset Management L.P. increased its holdings in Hawkins, Inc. (NASDAQ:HWKN - Free Report) by 239.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,068 shares of the specialty chemicals company's stock after buying an additional 22,612 shares during the quarter. Balyasny Asset Management L.P. owned about 0.15% of Hawkins worth $3,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HWKN. Blue Trust Inc. increased 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 during the period. NewEdge Advisors LLC acquired a new position in Hawkins in the 4th quarter worth approximately $53,000. Smartleaf Asset Management LLC increased its holdings in Hawkins by 262.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 442 shares of the specialty chemicals company's stock worth $55,000 after buying an additional 320 shares during the period. KBC Group NV increased its holdings in Hawkins by 37.0% in the 4th quarter. KBC Group NV now owns 948 shares of the specialty chemicals company's stock worth $116,000 after buying an additional 256 shares during the period. Finally, Defined Financial Planning LLC acquired a new position in Hawkins in the 4th quarter worth approximately $205,000. Institutional investors and hedge funds own 69.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HWKN. 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 report on Monday, April 14th. CJS Securities began coverage on shares of Hawkins in a report on Tuesday, April 1st. They set a "market outperform" rating and a $125.00 price target on the stock.

Hawkins Stock Performance

NASDAQ HWKN traded down $0.62 during mid-day trading on Wednesday, reaching $119.67. 147,239 shares of the stock were exchanged, compared to its average volume of 124,679. The business's 50 day moving average is $113.42 and its 200-day moving average is $117.00. Hawkins, Inc. has a 1 year low of $71.98 and a 1 year high of $139.55. The company has a market capitalization of $2.50 billion, a P/E ratio of 30.53, a P/E/G ratio of 3.80 and a beta of 0.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50.

Hawkins (NASDAQ:HWKN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. Hawkins had a net margin of 8.60% and a return on equity of 18.95%. On average, equities research analysts forecast that Hawkins, Inc. will post 4 EPS for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.60%. Hawkins's dividend payout ratio (DPR) is 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.