Hawkins, Inc. (NASDAQ:HWKN) Stock Holdings Boosted by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in Hawkins, Inc. (NASDAQ:HWKN) by 20.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,682 shares of the specialty chemicals company’s stock after buying an additional 618 shares during the period. Ritholtz Wealth Management’s holdings in Hawkins were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. USA Financial Formulas grew its holdings in Hawkins by 35.1% during the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock worth $113,000 after acquiring an additional 230 shares during the period. GAMMA Investing LLC boosted its position in shares of Hawkins by 71.8% during the 3rd 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 in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hawkins in the 3rd quarter worth approximately $100,000. Cubist Systematic Strategies LLC lifted its stake in Hawkins by 24.3% during the second quarter. Cubist Systematic Strategies LLC now owns 5,804 shares of the specialty chemicals company’s stock valued at $528,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Creative Planning lifted its stake in Hawkins by 7.3% during the second quarter. Creative Planning now owns 3,324 shares of the specialty chemicals company’s stock valued at $302,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial cut Hawkins from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a report on Wednesday.

Hawkins Trading Up 1.1 %

NASDAQ:HWKN opened at $134.23 on Thursday. The stock has a fifty day simple moving average of $122.60 and a 200 day simple moving average of $100.36. 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 firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 4.54 and a beta of 0.74. Hawkins, Inc. has a 1-year low of $53.64 and a 1-year high of $135.59.

Hawkins (NASDAQ:HWKN) last released its earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.37. Hawkins had a net margin of 8.75% and a return on equity of 20.16%. The business had revenue of $255.88 million for the quarter, compared to the consensus estimate of $254.30 million. Sell-side analysts forecast that Hawkins, Inc. will post 4.14 earnings per share for the current year.

Hawkins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.54%. This is a boost from Hawkins’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, August 16th. Hawkins’s payout ratio is presently 20.06%.

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.