Farther Finance Advisors LLC Grows Stake in Hawkins, Inc. (NASDAQ:HWKN)

Farther Finance Advisors LLC boosted its position in Hawkins, Inc. (NASDAQ:HWKN) by 289.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467 shares of the specialty chemicals company’s stock after purchasing 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.

Several other hedge funds have also recently bought and sold shares of the company. Ellsworth Advisors LLC increased its position in Hawkins by 1.2% during the third quarter. Ellsworth Advisors LLC now owns 7,560 shares of the specialty chemicals company’s stock worth $964,000 after buying an additional 89 shares in the last quarter. Arizona State Retirement System increased its position in Hawkins by 1.9% during the second quarter. Arizona State Retirement System now owns 5,571 shares of the specialty chemicals company’s stock worth $507,000 after buying an additional 103 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Hawkins by 5.1% during the second quarter. Morgan Dempsey Capital Management LLC now owns 2,629 shares of the specialty chemicals company’s stock worth $239,000 after purchasing an additional 127 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Hawkins by 3.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,567 shares of the specialty chemicals company’s stock worth $351,000 after purchasing an additional 132 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Hawkins by 71.8% during the third 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. 69.71% of the stock is owned by hedge funds and other institutional investors.

Hawkins Price Performance

Shares of Hawkins stock opened at $125.17 on Thursday. The business’s fifty day moving average price is $121.76 and its 200 day moving average price is $106.40. 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, Inc. has a twelve month low of $54.44 and a twelve month high of $135.61. The stock has a market capitalization of $2.62 billion, a P/E ratio of 32.01, a PEG ratio of 4.40 and a beta of 0.77.

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 business had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. As a group, research analysts anticipate that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

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

Analyst Ratings Changes

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