Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lowered its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,836 shares of the specialty chemicals company’s stock after selling 4,178 shares during the period. Eagle Asset Management Inc.’s holdings in Hawkins were worth $8,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake 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 buying an additional 168 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 valued at $59,000 after acquiring an additional 347 shares during the period. SG Americas Securities LLC purchased a new position in shares of Hawkins during the third quarter worth approximately $100,000. USA Financial Formulas increased its holdings in shares of Hawkins by 35.1% in the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after acquiring an additional 230 shares during the period. Finally, Shell Asset Management Co. raised its position in Hawkins by 36.9% in the 1st quarter. Shell Asset Management Co. now owns 2,342 shares of the specialty chemicals company’s stock valued at $180,000 after purchasing an additional 631 shares during 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 reissued a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research report on Thursday, October 31st.

Hawkins Stock Performance

Shares of HWKN stock opened at $130.03 on Monday. The stock’s 50-day moving average price is $123.19 and its 200 day moving average price is $109.03. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.72 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 4.44 and a beta of 0.77. Hawkins, Inc. has a 52-week low of $54.44 and a 52-week high of $135.61.

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

Hawkins Dividend Announcement

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