Creative Planning Buys 1,016 Shares of Hawkins, Inc. (NASDAQ:HWKN)

Creative Planning raised its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 30.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,340 shares of the specialty chemicals company’s stock after purchasing an additional 1,016 shares during the period. Creative Planning’s holdings in Hawkins were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Koshinski Asset Management Inc. bought a new position in shares of Hawkins during the 3rd quarter valued at about $282,000. Annex Advisory Services LLC boosted its holdings in shares of Hawkins by 6.0% during the 3rd quarter. Annex Advisory Services LLC now owns 13,861 shares of the specialty chemicals company’s stock valued at $1,767,000 after purchasing an additional 789 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Hawkins by 20.2% during the 3rd quarter. Ritholtz Wealth Management now owns 3,682 shares of the specialty chemicals company’s stock valued at $469,000 after purchasing an additional 618 shares during the last quarter. USA Financial Formulas lifted 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 last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Hawkins by 71.8% in the 3rd quarter. GAMMA Investing LLC now owns 402 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Up 2.1 %

Shares of NASDAQ:HWKN opened at $108.41 on Wednesday. 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 12 month low of $54.44 and a 12 month high of $135.61. The company has a 50-day moving average price of $122.10 and a 200 day moving average price of $104.35. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 3.55 and a beta of 0.77.

Hawkins (NASDAQ:HWKN) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $1.16 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 business had revenue of $247.03 million during the quarter, compared to the consensus estimate of $259.59 million. As a group, equities research analysts predict that Hawkins, Inc. will post 4.28 earnings per share for the current year.

Hawkins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, November 15th. Hawkins’s dividend payout ratio (DPR) is currently 18.41%.

Analyst Upgrades and Downgrades

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

Hawkins Company 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.