Hoese & Co LLP Decreases Stock Holdings in Hawkins, Inc. (NASDAQ:HWKN)

Hoese & Co LLP lessened its holdings in Hawkins, Inc. (NASDAQ:HWKN) by 50.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,440 shares of the specialty chemicals company’s stock after selling 1,450 shares during the quarter. Hoese & Co LLP’s holdings in Hawkins were worth $177,000 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. Larson Financial Group LLC lifted its position in shares of Hawkins by 8,633.3% during the 3rd quarter. Larson Financial Group LLC now owns 262 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 259 shares during the last quarter. GAMMA Investing LLC raised 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 acquiring an additional 168 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 valued at $59,000 after acquiring an additional 347 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in 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 acquiring an additional 325 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Hawkins during the third quarter worth about $100,000. 69.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Hawkins Stock Performance

Shares of HWKN opened at $114.32 on Tuesday. The company’s 50 day simple moving average is $125.39 and its 200-day simple moving average is $120.12. The firm has a market cap of $2.39 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.81 and a beta of 0.84. Hawkins, Inc. has a 12-month low of $54.44 and a 12-month high of $139.55. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $1.16 earnings per share (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 business had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. As a group, equities analysts predict that Hawkins, Inc. will post 4.12 EPS for the current year.

Hawkins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.63%. The ex-dividend date was Friday, November 15th. Hawkins’s dividend payout ratio is presently 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.