Stifel Financial Corp Decreases Stake in Hawkins, Inc. (NASDAQ:HWKN)

Stifel Financial Corp lessened its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,824 shares of the specialty chemicals company’s stock after selling 266 shares during the period. Stifel Financial Corp’s holdings in Hawkins were worth $1,252,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HWKN. Larson Financial Group LLC lifted its stake in shares of Hawkins by 8,633.3% during the third 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 period. GAMMA Investing LLC raised its stake in Hawkins by 71.8% in 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 during the last quarter. Farther Finance Advisors LLC lifted its position in Hawkins by 289.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 347 shares during the period. SG Americas Securities LLC acquired a new stake in Hawkins during the 3rd quarter worth about $100,000. Finally, USA Financial Formulas grew its stake in Hawkins by 35.1% during the 3rd quarter. USA Financial Formulas now owns 885 shares of the specialty chemicals company’s stock valued at $113,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Stock Up 3.8 %

HWKN stock opened at $123.98 on Monday. The company has a market capitalization of $2.59 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 4.76 and a beta of 0.83. Hawkins, Inc. has a 12 month low of $54.44 and a 12 month high of $139.55. The firm’s fifty day simple moving average is $126.17 and its 200-day simple moving average is $115.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39.

Hawkins (NASDAQ:HWKN) last posted 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 business had revenue of $247.03 million during the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a net margin of 8.74% and a return on equity of 19.64%. As a group, equities research analysts forecast that Hawkins, Inc. will post 4.12 earnings per share 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 issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, November 15th. Hawkins’s dividend payout ratio (DPR) is 18.41%.

Wall Street Analyst Weigh In

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

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.