Hawkins, Inc. (NASDAQ:HWKN) Short Interest Update

Hawkins, Inc. (NASDAQ:HWKN) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 665,400 shares, an increase of 63.5% from the October 31st total of 407,000 shares. Based on an average trading volume of 119,500 shares, the short-interest ratio is currently 5.6 days. Currently, 3.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Hawkins

A number of institutional investors have recently added to or reduced their stakes in HWKN. Larson Financial Group LLC raised its holdings in Hawkins by 8,633.3% in the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 259 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Hawkins by 71.8% in the third 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. TD Private Client Wealth LLC raised its stake in shares of Hawkins by 242.5% in the third quarter. TD Private Client Wealth LLC now owns 459 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 325 shares in the last quarter. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 347 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Hawkins during the third quarter worth $100,000. 69.71% of the stock is owned by institutional investors and hedge funds.

Hawkins Stock Performance

Shares of NASDAQ HWKN opened at $134.51 on Friday. Hawkins has a 12 month low of $54.44 and a 12 month high of $138.86. 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 company has a market cap of $2.81 billion, a P/E ratio of 34.40, a P/E/G ratio of 4.63 and a beta of 0.77. The business’s 50 day moving average is $124.60 and its two-hundred day moving average is $110.56.

Hawkins (NASDAQ:HWKN) last announced 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 return on equity of 19.64% and a net margin of 8.74%. The company had revenue of $247.03 million for the quarter, compared to the consensus estimate of $259.59 million. On average, equities analysts expect that Hawkins will post 4.12 EPS for the current year.

Hawkins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, November 15th. Hawkins’s payout ratio is presently 18.41%.

Analysts Set New Price Targets

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

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.