Janney Montgomery Scott LLC Has $214,000 Stake in Hawkins, Inc. (NASDAQ:HWKN)

Janney Montgomery Scott LLC decreased its position in shares of Hawkins, Inc. (NASDAQ:HWKN) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,747 shares of the specialty chemicals company’s stock after selling 148 shares during the period. Janney Montgomery Scott LLC’s holdings in Hawkins were worth $214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC lifted its position 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 acquiring an additional 26,568 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Hawkins during the 3rd quarter worth about $2,021,000. Natixis Advisors LLC bought a new position in shares of Hawkins during the 3rd quarter worth about $2,495,000. Victory Capital Management Inc. increased its holdings in shares of Hawkins by 26.9% during the 3rd quarter. Victory Capital Management Inc. now owns 112,966 shares of the specialty chemicals company’s stock worth $14,400,000 after purchasing an additional 23,940 shares during the period. Finally, Creative Planning increased its holdings in shares of Hawkins by 7.3% during the 2nd quarter. Creative Planning now owns 3,324 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 69.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a report on Friday, January 31st.

Hawkins Stock Performance

NASDAQ:HWKN opened at $110.06 on Thursday. The firm’s 50-day moving average is $119.58 and its 200-day moving average is $121.49. Hawkins, Inc. has a 52-week low of $63.23 and a 52-week high of $139.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 2.50. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 3.96 and a beta of 0.82.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, January 29th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Hawkins had a return on equity of 18.95% and a net margin of 8.60%. Equities research analysts anticipate that Hawkins, Inc. will post 4.14 earnings per share for the current year.

Hawkins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.18 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.65%. Hawkins’s payout ratio is currently 18.37%.

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.