Larson Financial Group LLC Increases Stake in Hawkins, Inc. (NASDAQ:HWKN)

Larson Financial Group LLC grew its stake in shares of Hawkins, Inc. (NASDAQ:HWKN) by 8,633.3% in the third quarter, HoldingsChannel.com reports. The firm owned 262 shares of the specialty chemicals company’s stock after buying an additional 259 shares during the quarter. Larson Financial Group LLC’s holdings in Hawkins were worth $33,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Hawkins by 1.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,985 shares of the specialty chemicals company’s stock valued at $4,070,000 after buying an additional 693 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Hawkins by 7,343.9% during the first quarter. Public Employees Retirement System of Ohio now owns 22,555 shares of the specialty chemicals company’s stock valued at $1,732,000 after acquiring an additional 22,252 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Hawkins by 21.6% during the first quarter. Janus Henderson Group PLC now owns 43,243 shares of the specialty chemicals company’s stock worth $3,320,000 after purchasing an additional 7,683 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Hawkins by 28.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,934 shares of the specialty chemicals company’s stock worth $915,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Hawkins by 8.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,579 shares of the specialty chemicals company’s stock valued at $872,000 after purchasing an additional 710 shares during the period. Institutional investors own 69.71% of the company’s stock.

Hawkins Stock Up 0.8 %

Shares of NASDAQ HWKN opened at $134.51 on Friday. The firm has a fifty day simple moving average of $124.60 and a two-hundred day simple moving average of $110.56. The firm has a market capitalization of $2.81 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 4.63 and a beta of 0.77. 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 $138.86.

Hawkins (NASDAQ:HWKN) last issued its quarterly earnings data 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). Hawkins had a return on equity of 19.64% and a net margin of 8.74%. The company had revenue of $247.03 million during the quarter, compared to analysts’ expectations of $259.59 million. Equities analysts expect that Hawkins, Inc. will post 4.12 earnings per share for the current year.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.18 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.72 annualized dividend and a yield of 0.54%. Hawkins’s payout ratio is 18.41%.

Wall Street Analysts Forecast Growth

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