Hawkins, Inc. (NASDAQ:HWKN) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in Hawkins, Inc. (NASDAQ:HWKN) by 289.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 467 shares of the specialty chemicals company’s stock after acquiring an additional 347 shares during the period. Farther Finance Advisors LLC’s holdings in Hawkins were worth $59,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HWKN. Westwood Holdings Group Inc. acquired a new position in shares of Hawkins during the first quarter worth approximately $31,504,000. State Board of Administration of Florida Retirement System boosted its position in shares of Hawkins by 83.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,521 shares of the specialty chemicals company’s stock worth $1,115,000 after buying an additional 6,627 shares during the period. Janus Henderson Group PLC boosted its position in shares of Hawkins by 21.6% during the first quarter. Janus Henderson Group PLC now owns 43,243 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 7,683 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of Hawkins during the first quarter worth approximately $392,000. Finally, EFG Asset Management North America Corp. acquired a new position in shares of Hawkins during the second quarter worth approximately $1,507,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research report on Thursday, October 31st.

Hawkins Price Performance

Shares of NASDAQ:HWKN opened at $125.17 on Thursday. Hawkins, Inc. has a 12 month low of $54.44 and a 12 month high of $135.61. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 4.40 and a beta of 0.77. The stock’s 50 day moving average price is $121.76 and its 200 day moving average price is $106.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39.

Hawkins (NASDAQ:HWKN) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.02). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The firm had revenue of $247.03 million for the quarter, compared to the consensus estimate of $259.59 million. Equities research analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current fiscal year.

Hawkins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 0.58%. Hawkins’s payout ratio is 18.41%.

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.