Thrivent Financial for Lutherans Boosts Stake in Hawkins, Inc. (NASDAQ:HWKN)

Thrivent Financial for Lutherans lifted its holdings in shares of Hawkins, Inc. (NASDAQ:HWKN) by 86.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,507 shares of the specialty chemicals company’s stock after acquiring an additional 13,709 shares during the quarter. Thrivent Financial for Lutherans owned 0.14% of Hawkins worth $3,761,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC increased its holdings in Hawkins by 71.8% during the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 168 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Hawkins by 289.2% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 347 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Hawkins in the third quarter valued at $100,000. USA Financial Formulas increased its holdings in Hawkins by 35.1% in the third quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after buying an additional 230 shares during the last quarter. Finally, Shell Asset Management Co. raised 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 valued at $180,000 after buying an additional 631 shares in the last quarter. 69.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Hawkins Stock Up 1.6 %

Shares of NASDAQ:HWKN opened at $130.03 on Monday. Hawkins, Inc. has a 1-year low of $54.44 and a 1-year high of $135.61. The company’s fifty day moving average is $123.19 and its two-hundred day moving average is $109.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 4.44 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last announced its quarterly 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). The firm had revenue of $247.03 million during the quarter, compared to analyst estimates of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. Equities analysts anticipate that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, November 15th. Hawkins’s payout ratio is currently 18.41%.

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.