Hawkins, Inc. (NASDAQ:HWKN) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 24.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,804 shares of the specialty chemicals company’s stock after acquiring an additional 1,136 shares during the period. Cubist Systematic Strategies LLC’s holdings in Hawkins were worth $528,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Shell Asset Management Co. lifted its stake in Hawkins by 36.9% during the first quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock worth $180,000 after purchasing an additional 631 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in Hawkins during the first quarter worth $210,000. Meeder Asset Management Inc. acquired a new position in Hawkins during the first quarter worth $212,000. Capstone Investment Advisors LLC acquired a new position in Hawkins during the first quarter worth $213,000. Finally, Valtinson Bruner Financial Planning LLC acquired a new position in Hawkins during the second quarter worth $223,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Hawkins Stock Up 1.5 %

NASDAQ:HWKN opened at $130.58 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $121.68 and its two-hundred day moving average is $99.20. Hawkins, Inc. has a 52 week low of $53.64 and a 52 week high of $132.65. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 4.54 and a beta of 0.74.

Hawkins (NASDAQ:HWKN) last released its quarterly earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.37. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. The company had revenue of $255.88 million for the quarter, compared to analysts’ expectations of $254.30 million. Research analysts anticipate that Hawkins, Inc. will post 4.14 EPS for the current year.

Hawkins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.55%. This is a positive change from Hawkins’s previous quarterly dividend of $0.16. Hawkins’s dividend payout ratio is currently 18.70%.

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.