Hawkins, Inc. (NASDAQ:HWKN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,984 shares of the specialty chemicals company’s stock after selling 3,918 shares during the period. Principal Financial Group Inc. owned 0.46% of Hawkins worth $12,235,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HWKN. Jane Street Group LLC increased its stake in Hawkins by 127.3% during the 3rd quarter. Jane Street Group LLC now owns 47,432 shares of the specialty chemicals company’s stock worth $6,046,000 after buying an additional 26,568 shares in the last quarter. Aptus Capital Advisors LLC purchased a new stake in shares of Hawkins during the second quarter worth approximately $4,741,000. State of New Jersey Common Pension Fund D acquired a new position in Hawkins in the 3rd quarter valued at $2,021,000. Bridges Investment Management Inc. purchased a new position in Hawkins in the 2nd quarter valued at $487,000. Finally, Public Sector Pension Investment Board boosted its stake in Hawkins by 6.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 41,857 shares of the specialty chemicals company’s stock worth $3,809,000 after purchasing an additional 2,599 shares during the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

Hawkins Price Performance

Shares of HWKN opened at $125.34 on Monday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 4.76 and a beta of 0.83. The firm’s fifty day simple moving average is $125.57 and its 200-day simple moving average is $116.80. Hawkins, Inc. has a twelve month low of $54.44 and a twelve 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). The firm had revenue of $247.03 million for the quarter, compared to analysts’ expectations of $259.59 million. Hawkins had a return on equity of 19.64% and a net margin of 8.74%. Equities analysts forecast that Hawkins, Inc. will post 4.12 EPS for the current fiscal year.

Hawkins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.72 annualized dividend and a dividend yield of 0.57%. Hawkins’s dividend payout ratio is currently 18.41%.

Wall Street Analyst Weigh In

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